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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Ledger Staff2023-10-04T16:11:10-04:00The Fed Is Costing the Feds Money
Mortgage Ledger Staff2023-09-19T14:32:13-04:00We had a pretty sharp upturn in rates in August. Since then, interest rates have remained elevated. It was a bit unexpected because most market analysts were predicting rates to ease a bit in the second half of the
CFPB Issues Guidance on Credit Denials by Lenders Using Artificial Intelligence
Mortgage Ledger Staff2023-09-19T14:33:23-04:00Consumers must receive accurate and specific reasons for credit denials
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models. The
Share of Mortgage Loans in Forbearance Decreases to 0.33% in August
Mortgage Ledger Staff2023-09-19T14:27:35-04:00HUD Awards $8.6 Million to Provide Rental Assistance to Native American Veterans Experiencing Homelessness
Mortgage Ledger Staff2023-09-14T17:12:16-04:00WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) awarded today 29 Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) renewal awards, totaling $8,588,580, to provide rental assistance and supportive services to Native American Veterans experiencing or at risk of
August New Home Purchase Mortgage Applications Increased 20.6 Percent
Mortgage Ledger Staff2023-09-14T17:10:44-04:00Freddie Mac: Mortgage Rates Inch Back Up
Mortgage Ledger Staff2023-09-14T17:10:45-04:00MCLEAN, Va., Sept. 14, 2023 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.18 percent.
“Mortgage rates inched back
Paradatec Continues to Grow Despite Lower Market Volumes
Mortgage Ledger Staff2023-09-12T16:14:36-04:00Number of users of award-winning AI-Cloud mortgage document automation technology increases 36% year-over-year
Paradatec Inc., a market leader in AI-based document analysis technology for the lending and real estate industries, announced a 36% increase over the
Buyers are seeing more options as housing market hits its late-summer slowdown
Mortgage Ledger Staff2023-09-12T16:07:49-04:00The drought of new listings abated slightly in August, despite high mortgage rates
- New listings rose 4% in August, giving buyers more new choices.
- Appreciation eased off the gas, rising just 0.2% from July to August after stronger earlier