2020 Sees Refinances Rise Along With Closing Rates According to February Ellie Mae Origination Insight Report
Interest rates continued to decline in February, driving up the share of refinances by two percentage points, According to the February Origination Insight Report from Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry.
FreddieMac – Mortgage Rates Rise
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 3.65 percent. “Mortgage rates rose again this week as lenders increased prices to help
Fannie Mae Assistance Options for Homeowners Impacted by COVID-19
Fannie Mae (FNMA/OTCQB) wants to help ensure families are given options in these uncertain times in the case of job loss, a reduction in work hours, illness, or other issues. We want to remind
CFPB Director Statement on Joint HUD-FHFA Announcement on Foreclosure and Eviction Moratorium
Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement today after the U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency announced a moratorium on foreclosures and
New Richmond Man Sentenced to 12 Years for Mortgage Rescue Fraud Scheme
Scott C. Blader, United States Attorney for the Western District of Wisconsin, announced that Aston Wood, 56, New Richmond, Wisconsin and Miami, Florida, was sentenced today by U.S. District Judge James D. Peterson to
Luxury Housing Showed Strength in the Fourth Quarter, But That Will Likely Change Given Recent Economic Uncertainty
Million-dollar sales increased 11.4 percent year-over-year; luxury entry-point reached $1.27 million, up 2.1 percent year-over-year The U.S. luxury housing market capped off the year with its greatest show of strength in 2019 as million-dollar
Federal banking agencies provide banks additional flexibility to support households and businesses
Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency The federal bank regulatory agencies today announced two actions to support the U.S. economy and
Builder Confidence Declines But Remains Solid Amid Rising Risks
Builder confidence in the market for newly-built single-family homes fell two points to 72 in March, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held in a
February New Home Purchase Mortgage Applications Increased 25.9 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2020 shows mortgage applications for new home purchases increased 25.9 percent compared from a year ago. Compared to January 2020, applications decreased
S&P/Experian Consumer Credit Default Indices Show Composite Rate Unchanged In February 2020
Bank Card Default Rate Higher For Fourth Consecutive Month S&P Dow Jones Indices and Experian released today data through February 2020 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes