News

Top 10 Mortgage Lenders of 2019

The Consumer Financial Protection Bureau released its annual report on Home Mortgage Disclosure Act data on June 24 with reports from 5,496 financial institutions. The report stated banks collectively originated 32.4% of all reported originations in 2019 with 2.6 million loans. Credit unions followed with 714,000 loans making up 8.8% of originations. Independent mortgage companies took the lion’s share […]


Redfin Launches in Alaska Housing Market

Redfin announced its launch into the Anchorage, Alaska market on Wednesday, allowing potential homebuyers throughout the south central Alaskan region to buy and sell their home via the real estate tech company. With the addition of Alaska, Redfin now operates in 43 states, two Canadian provinces and the District of Columbia. Redfin has been aiming to change the housing […]


Mortgage Applications Decrease in MBA Weekly Survey

Mortgage applications fell last week even as key interest rates held at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 19. The Market Composite Index decreased by 8.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the […]


RenoFi raises $6.4 Million to Help Lenders Offer Home Renovations Loans

RenoFi, a fintech platform that aims to empower lenders to offer a “next generation” of renovation loans, has raised $6.4 million in Series A round of funding, the company has told HousingWire exclusively. Canaan Partners led the financing, which also included participation from new investor Comcast Ventures and existing backer First Round Capital. The investment brings RenoFi’s total venture […]


MBA: Shares of Loans in Forbearance Falls to 8.48%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased – for the first time since the survey’s inception in March – from 8.55% of servicers’ portfolio volume in the prior week to 8.48% as of June 14. MBA now estimates 4.2 million homeowners are now in forbearance plans […]


Mortgage Rates Tumble to Another All-Time Low

Mortgage rates in the U.S. tumbled to another all-time low this week as bond investors reacted to reports showing the economy is struggling amid the COVID-19 pandemic. The average rate for a 30-year fixed mortgage was 3.13%, down from 3.21% last week, Freddie Mac said in a statement Thursday. It was the second time in two weeks the rate […]


42% of People Who Bought Home During the Pandemic Engaged in a Bidding War

The COVID-19 pandemic upended just about everything this year, and that includes much of the home-buying process. A new study from Clever revealed that homebuyers who bought between January and May this year are twice as likely to have anxiety and stress than those who bought in the last five years. The study also showed that 42% of homeowners […]


Homebuyer Mortgage Demand Spikes to 11-year High, as Rates Hit Another Record Low

Buyers are rushing back into the housing market, enticed by record low mortgage rates and a pandemic-induced need to nest like never before. Mortgage applications to purchase a home rose 4% last week from the previous week and were a remarkable 21% higher than one year ago, according to the Mortgage Bankers Association’s seasonally adjusted […]


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