Renters paid $4.5 trillion in rent in the last 10 years
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Borrowers gained nearly $457 billion in home equity in the last year
Homeowner equity continued to increase in the third quarter of the year, according to the Q3 2019 home equity analysis from CoreLogic, a propertyRead More…
Mortgage lenders less optimistic about profit growth: Fannie Mae
Mortgage lenders became slightly bearish on their profitability outlook in the fourth quarter, with the competitive landscape and shift to a purchase Read More…
Most lenders expect to keep making big money on mortgages
Recent data from the Mortgage Bankers Association revealed that lenders are now making more money per loan than they’ve made in almost seven yeaRead More…
Freddie Mac: Mortgage rates inch forward to 3.73%
This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.73%. Although this rate is an increase from last week’s percentage, iRead More…
Here are the cities where iBuyers are taking hold
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This is how inventory declines are impacting Millennial homebuyers
The nation’s low mortgage rates were the main driver of homebuyer demand throughout 2019, spurring an uptick in home sales across the country. But aRead More…
Capital City Bank plans to buy majority stake in BrandMortgage
Florida-based depository Capital City Bank has struck a deal to purchase a 51% share in regional lender BrandMortgage.Read More…
Mortgage applications increase with FHA refinancings as a driver
Mortgage application activity increased 3.8% from one week earlier, with refinance volume for Federal Housing Administration-insured loans taking the Read More…
FHA mortgage applications surge on low interest rates
With last week’s mortgage rates continuing to hover near historic lows, the Mortgage Bankers Association indicates mortgage applications ticked upRead More…