Mortage News

Mortgage Rates Take Another Upswing
Average mortgage rates were up for the second consecutive week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending March 16.   The 30-year fixed-rate mortgage (FRM) averaged 4.30 percent, up from last week... Read more
Foreclosure Activity Hits 11-Year Low
February’s foreclosure activity was the lowest recorded since November 2005, according to ATTOM Data Solutions. Last month also marked the 17th consecutive month when foreclosure activity declined on a year-over-year basis.   However,... Read more
Single-family housing starts in February were at a rate of 872,000
Housing Starts Up 6.5 Percent
Single-family housing starts in February were at a rate of 872,000, which is 6.5 percent above the revised January figure of 819,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban... Read more
National Credit-reporting System Inc. (NCS) has announced that Lisa Binkley has joined the company as senior vice president of business development
Lisa Binkley Joins NCS as SVP of Business Development
National Credit-reporting System Inc. (NCS) has announced that Lisa Binkley has joined the company as senior vice president of business development. Binkley, a recognized industry expert in third-party verifications, quality control and... Read more
Home loans for purchases increased to 57 percent of mortgage originations in February
Purchase Market Loan Percentage Up
Home loans for purchases increased to 57 percent of mortgage originations in February, up from 53 percent the month prior, while refinancing activity dropped during the same period to 43 percent from 47 percent, according to the latest... Read more
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million civil penalty against Coppell, Texas-based Nationstar Mortgage LLC
CFPB Fines Nationstar $1.75M on HMDA Compliance
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million civil penalty against Coppell, Texas-based Nationstar Mortgage LLC for allegedly violating the Home Mortgage Disclosure Act (HMDA) by “consistently failing to... Read more
Consumer confidence in the economy is on the rise, according to new first quarter data released by the National Association of Realtors (NAR)
NAR Finds Consumer Confidence at New Highs
Consumer confidence in the economy is on the rise, according to new first quarter data released by the National Association of Realtors (NAR).   In the trade group’s latest Housing Opportunities and Market Experience survey, the 62 percent... Read more
Builder confidence in the market for newly-built single-family homes reached its highest reading since June 2005
Home Builder Confidence Hits 12-Year Peak
Builder confidence in the market for newly-built single-family homes reached its highest reading since June 2005, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report.   The... Read more
Fed Announces Rate Hike
The Federal Reserve announced its first rate hike for 2017. The decision was near-unanimous, with Minneapolis Fed chief Neel Kashkari as the only member of the central bank’s Federal Open Market Committee opposing the decision.   In a... Read more
Mortgage Applications Up, Valuation Questions Remain
Interest in home loans continued to grow, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 10.   The Market Composite Index was up by 3.1 percent on a seasonally adjusted basis... Read more