Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan. district court in Michigan.

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Mortgage Law Brokerage Legal 347

Housing Wire

JUNE 2, 2021

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. the previous week.

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Mortgage Contracts Inventory Construction 542

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If year over year in 2022, to 5.19 million units.

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Contracts Realtors Inventory Marketing 370

Housing Wire

JANUARY 19, 2021

in 2021, an increase of 0.8 contraction. in 2021, with the monthly pace slowing throughout the year. Purchase mortgage originations are expected to rise to $1.8 trillion in 2021, up from the projected $1.6 trillion in 2021, down from a projected all-time high of $2.8 Managing Credit Risk in 2021 and Beyond.

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Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The refinance share of activity of total mortgage applications increased to 64.1% The FHA share of total mortgage applications decreased to 9.5%

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Mortgage Contracts Inventory Investors 515

Housing Wire

JULY 21, 2021

Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. This, in turn, led to mixed changes in mortgage rates. “That’s the lowest level since January 2021.” from 64.1% the previous week. from 10.3%. from 10.3%.

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Mortgage Marketing Contracts Inventory 450

Housing Wire

JUNE 16, 2021

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. ” Purchase applications were also down 17% from a year ago, the start of the mortgage boom, Kan said. “ U.S. .”

Mortgage 515

Mortgage Contracts Marketing 515

Housing Wire

AUGUST 8, 2023

Mortgage tech firm Lender Toolkit sued two mortgage lenders claiming that the companies failed to make payments while continuing to use its services and software solutions. Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021.

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Mortgage Contracts Legal Business 293

Housing Wire

OCTOBER 27, 2021

Mortgage applications increased 0.3% from last week, per the latest report from the Mortgage Bankers Association for the week ending Oct. With two consecutive weeks of mortgage rates over 3%, refinances continued to retreat. The refinance share of mortgage activity decreased to 62.2% the week prior. the week prior.

Mortgage 436

Mortgage Contracts Buyers Marketing 436

Housing Wire

JANUARY 13, 2021

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said.

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Mortgage Contracts Government Buyers 504

Housing Wire

MAY 5, 2021

Mortgage applications dropped again , falling 0.9% from the previous week, according to the latest report from the Mortgage Bankers Association for the week ending April 30, 2021. It’s important to note, Kan said, that mortgage application numbers from this time last year reflect challenges brought on by the pandemic.

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Mortgage Contracts Government Inventory 413

Housing Wire

JULY 7, 2021

Mortgage applications decreased again , this time falling 1.8% in the week ending July 2, 2021, according to the latest report from the Mortgage Bankers Association. Those who are filling out purchase mortgage applications are requesting bigger loan amounts, but there are fewer applicants. the previous week. from 10.5%.

Mortgage 458

Mortgage Contracts Marketing 458

Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

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Mortgage Contracts Construction Inventory 512

Housing Wire

APRIL 28, 2021

Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% decrease in applications in its latest report for the week ending April 23, 2021. The refinance share of mortgage activity increased to 60.6% of total mortgage applications from 60% the previous week.

Mortgage 435

Mortgage Contracts Inventory Marketing 435

Housing Wire

JUNE 9, 2021

For the third week in a row, mortgage applications decreased. Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. of total mortgage applications from 61.3% the previous week. from 10.9%.

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Mortgage Contracts Government Buyers 448

Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. The refinance index dropped 5% from the previous week and was 75% lower than the same period in 2021. million in 2021. from 11.3%

Mortgage 430

Mortgage Contracts Retail Marketing 430

Housing Wire

MAY 12, 2021

After weeks of decreases , mortgage applications rose 2.1% for the week ending May 7, 2021, according to the most recent report from the Mortgage Bankers Association. Aiding the jump in mortgage applications was another sub-3% week of mortgage rates , which fell officially to 2.96%. from 10.1% the week prior.

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Mortgage Contracts Inventory Marketing 439

Housing Wire

JANUARY 6, 2021

Mortgage applications dropped 4.2% from two weeks prior , according to the latest report by the Mortgage Bankers Association. But mortgage applications dropped during the week ending Jan. The steady demand for home buying throughout most of 2020 should continue in 2021,” he said. from two weeks ago. the week prior.

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Mortgage Contracts 394

Housing Wire

FEBRUARY 17, 2021

As mortgage rates come off of their historic lows, mortgage applications dropped for the second week, according to data from the Mortgage Bankers Association. Mortgage applications dropped 5.1% Expectations of faster economic growth and inflation continue to push Treasury yields and mortgage rates higher.

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Mortgage Contracts Government Inventory 439

Housing Wire

DECEMBER 24, 2020

mortgage rate for a 30-year fixed loan fell one basis point this week to 2.66% – the lowest rate in the Freddie Mac ’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. The average fixed rate for a 15-year mortgage also fell last week to 2.19% from 2.21%.

Mortgage 504

Mortgage Housing Market Contracts Marketing 504

Housing Wire

NOVEMBER 23, 2022

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% in comparison with the same period in 2021.

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Mortgage Contracts Retail Lending 397

Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021.

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Mortgage Contracts Inventory Lending 431

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. Therefore, we will follow the agreed upon contract and win damages.”

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Contracts Loan Officers Lending Retail 438

Housing Wire

FEBRUARY 9, 2024

A lawsuit against the “ All-In” initiative at United Wholesale Mortgage (UWM) should be dismissed, a federal judge said, citing inadequate evidence to prove accusations against the lender. UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers.

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Contracts Retail Mortgage Lending 414

Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. trillion in mortgage originations, the MBA forecasts volume to fall 14% this year to $3.28

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Housing Wire

FEBRUARY 3, 2021

Mortgage applications jumped 8.15% from the week ending Jan. 29, breaking a two-week streak of decreases, according to the latest data from the Mortgage Bankers Association. Historically low mortgage rates became the norm in 2020 due to the COVID-19 pandemic and economic recession. the week prior. . the week prior. from 12.4%

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Mortgage Contracts Government Inventory 417

Housing Wire

JUNE 30, 2021

After two consecutive weeks of increases, mortgage applications decreased 6.9% in the week ending June 25, 2021, according to the latest report from the Mortgage Bankers Association. Mortgage applications had increased 2.1% of total mortgage applications from 62.5% in the previous two weeks, respectively.

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Mortgage Contracts Investors Housing Market 421

Housing Wire

OCTOBER 5, 2022

Mortgage applications for the week ending Sept. from the prior week , according to the latest survey from the Mortgage Bankers Association. On an unadjusted basis, the mortgage composite index decreased 14% compared with the previous week. In early 2021, that figure was $759,000. 30 decreased 14.2% the previous week.

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Mortgage Contracts 395

Housing Wire

SEPTEMBER 29, 2021

Mortgage application volume declined by 1.1% 24, after a rebound in the previous week , according to the Mortgage Bankers Association (MBA). The purchase index shrank 1.9%, and the refi index contracted 0.9%. Treasury bonds and mortgage-backed securities – when progress is made in the labor market. from 10.4%

Mortgage 398

Mortgage Contracts Marketing 398

Housing Wire

MARCH 10, 2021

After a slight increase in late February , mortgage applications dipped 1.3% in the week ending March 5, according to the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate climbed to 3.26% last week, which is the highest since last July and up 40 basis points since the start of 2021.”.

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Mortgage Contracts Government Inventory 421

Housing Wire

OCTOBER 12, 2022

Mortgage demand continues to decline amid surging home loan rates, according to the latest survey from the Mortgage Bankers Association (MBA). . The mortgage composite index for the week ending Oct. compared to the same period in 2021, on an adjusted basis, the survey shows. 7 fell 2% from the prior week and 68.7%

Mortgage 393

Mortgage Contracts Housing Market Marketing 393

Housing Wire

JULY 13, 2022

Demand for mortgages declined for the second consecutive week, led by a dip in purchase mortgage applications — despite rates on a downward trend. The market composite index, a measure of mortgage loan application volume, decreased 1.7% for the week ending July 8, according to the Mortgage Bankers Association (MBA).

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Mortgage Retail Contracts Government 397

Housing Wire

FEBRUARY 10, 2021

The seesaw nature of mortgage applications continued for the week ending Feb. from the prior week, according to the latest data from the Mortgage Bankers Association. The 30-year fixed mortgage rate increased to 2.96% – a high not seen since November 2020, Kan said. The FHA share of total mortgage applications increased to 9.5%

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Mortgage Contracts Government Marketing 421

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

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Housing Wire

APRIL 21, 2021

After six consecutive weeks of dips , mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. The refinance share of mortgage activity increased to 60% of total applications from 59.2% The FHA share of total mortgage applications increased to 11.3% the previous week. from 12.1%

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Mortgage Contracts Government Housing Market 466

Housing Wire

MAY 18, 2022

Individuals across the country put the American dream of homeownership on standby for the week ending May 13, reducing mortgage application volume by 11% compared to the prior week, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. Total originations are expected to be at $2.5 trillion last year.

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Mortgage Contracts Retail Marketing 397

Housing Wire

SEPTEMBER 26, 2023

Mortgage servicer Nationstar , doing business as Mr. Cooper , has filed a lawsuit against electronic payment processing vendor ACI Payments related to the damages it allegedly suffered from unauthorized mortgage payments imposed on its customers two years ago. district court in Texas on Sept. In total, ACI initiated around 1.4

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Mortgage Legal Fees Legal Contracts 359