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The MBA's Market Composite Index decreased 4.6% on a seasonally adjusted basis as mortgage rates rose again.

Tells House committee it’s “simply not true” that financially stronger borrowers are subsidizing others.

Sales of new single-family homes rose 4.1% in April from March, and are up nearly 12% YOY.

Case was dismissed without prejudice in Seattle but could be refiled in California.

Chip Beveridge has more than 40 years mortgage banking sales experience.

CEO Bob Broeksmit calls for sensible Regulation, clarity, and support for the mortgage industry.

Says new capability helps lenders calculate borrower income more quickly and precisely.

The new set of enhanced work products designed to create a common format for closing instructions. 

Nationwide, the typical home costs an estimated 25% more per month to own than rent.