Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Ledger Staff2020-06-17T14:22:19-04:00Mortgage applications increased 8.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 12, 2020.
The Market Composite Index, a measure of mortgage loan application volume, increased 8.0
Pandemic Impact Emerges: Single-Family Rent Prices Post Lowest Growth Rate in Nine Years, CoreLogic Reports
Mortgage Ledger Staff2020-06-16T15:51:59-04:00U.S. single-family rent prices increased 2.4% year over year in April 2020
- National rent price growth this April slowed to its lowest level since November 2010 as unemployment reached its highest level in 80 years
- The annual growth rate for
Loan Officer And Real Estate Developer Sentenced For Conspiracy To Make False Statements To Banks
Mortgage Ledger Staff2020-06-16T15:47:53-04:00U.S. District Judge Virginia Hernandez Covington has sentenced Jonathan Marmol (41, Odessa) to 15 months in federal prison and Mordechai Boaziz (67, Miami Beach) to 90 days in federal prison for conspiracy to make false statements to financial institutions.
Marmol and
Freddie Mac Collaborates with FHFA to Publish Translated COVID-19 Resources in Six Languages on LEP site
Mortgage Ledger Staff2020-06-16T15:34:00-04:00To help limited English proficiency (LEP) borrowers who are experiencing mortgage-related difficulties due to the coronavirus national emergency, today the Federal Housing Finance Agency (FHFA) added new translations to the Mortgage Translations website. Site visitors can now choose English, Spanish,
May New Home Purchase Mortgage Applications Increased 10.9 Percent
Mortgage Ledger Staff2020-06-16T15:28:06-04:00The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2020 shows mortgage applications for new home purchases increased 10.9 percent compared from a year ago. Compared to April 2020, applications increased by 26 percent. This change does
Renters Managing Debt Responsibly Despite Rising Financial Hardship
Mortgage Ledger Staff2020-06-15T14:47:10-04:00TransUnion analysis highlights underlying strength of the rental market
The COVID-19 pandemic continues to demonstrate a broad impact on consumer finances with a new TransUnion (NYSE: TRU) analysis highlighting its effect on the
FHFA to Re-Propose Updated Minimum Financial Eligibility Requirements for Fannie Mae and Freddie Mac Seller/Servicers
Mortgage Ledger Staff2020-06-15T14:37:57-04:00Due to recent market events, the Federal Housing Finance Agency (FHFA) announced today that it will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. FHFA has determined that
MIG Market Watch, June 15th, 2020
Mortgage Ledger Staff2020-06-15T14:34:34-04:00MARKET COMMENT
Mortgage bond prices finished the week significantly higher which put downward pressure on rates. The Fed’s announced tentative MBS buying amounts remained near unchanged which started the week on a positive note. There was some upward pressure on rates
The Magic of Low Rates
Mortgage Ledger Staff2020-06-15T13:29:55-04:00The government has injected trillions of stimulus dollars into the economy. This is causing the federal budget deficit to soar as we deal with the devastating effects of COVID-19 upon our economy. At the same time, the Federal