Simon Curanaj, 67, Yonkers, New York, was sentenced today to 24 months in prison for his role in a $3.5 million scheme to use false information and simultaneous loan applications at multiple banks to fraudulently obtain home equity lines of
Fierce competition continues to drive home prices up, but home tours, offers
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.93 percent.
“Mortgage rates continue to drift down as markets concur with
Life is beginning to return to normal throughout the U.S. with many companies announcing
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2021 shows mortgage applications for new home purchases decreased 5.9 percent compared from a year ago. Compared to April 2021, applications decreased by 9 percent. This change does
The level of commercial/multifamily mortgage debt outstanding rose by $44.6 billion (1.1 percent) in the first quarter of 2021, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Total commercial/multifamily debt outstanding rose to $3.93 trillion
Mortgage bond prices finished the week near unchanged which held rates relatively steady. Rates were up and down throughout the week but within a narrow range. We started the week on a negative note Monday morning with a slight
We have had quite a wild ride across our planet during the last 15 months. A word-wide pandemic was followed by a sharp recession. As the pandemic wore on and wore many of us down, certain segments of
MISMO®, the real estate finance industry’s standards organization, announced today that it is launching an eMortgage Technology Certification program to assist lenders in identifying products that comply with industry standards.
This certification is part of
