The availability of mortgage credit increased in January, according to a report issued by the Mortgage Bankers Association (MBA) based on data sourced from ICE Mortgage Technology. The MBA’s Mortgage Credit Availability... Read more »
Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. After enduring challenges stemming from higher interest rates,... Read more »
MCLEAN, VA—Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS, showing the 30-year fixed-rate mortgage (FRM) averaged 6.64 percent. “Mortgage rates remain stagnant, hovering in the mid-six percent... Read more »
Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from... Read more »
Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate... Read more »
Longtime reverse mortgage industry professional Bruce Simmons of American Liberty Mortgage in the Denver area has long used radio as both an educational and marketing tool for prospective reverse mortgage clients. Having... Read more »
Thianchai Sitthikongsak | Moment | Getty Images Mortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back. Total mortgage application... Read more »
The 30-year fixed mortgage rate surpassed the 7% mark on Monday on the heels of strong economic data and the Federal Reserve signaling that it will move carefully with any future cuts... Read more »
As the sluggish 2023 housing market retreats farther from view, new industry data points to reasons to be cautiously optimistic about the upcoming spring home-buying season.Thanks to lower mortgage rates as of... Read more »
Commentary: How reverse mortgage pros can establish credibility with boomers