Homebuyers resurface as mortgage demand gains steam

Applications for purchases and refinances both increased heading into the July Fourth holiday
Fannie and Freddie to allow VantageScore 4.0 for mortgage credit checks

FHFA Director Bill Pulte wrote that the move ‘changes mortgages FOREVER’
Refinancing helps lift June’s rate lock volume: Optimal Blue

Lenders were busy with rate-and-term refinancing in June
Equity-rich mortgages remain near historical highs despite a recent dip

New England states are particularly equity-rich, led by Vermont
Mortgage associations offer differing visions of loan originator compensation reform

NAMB reacts to a CHLA white paper proposing changes to LO comp rules
Happy July Fourth for housing groups as tax bill passes

President Trump is expected to sign the bill into law at a White House ceremony Friday
Industry Watch: An active time for Fairway, Guild Mortgage, Beeline, Waltz and others

Fairway Independent Mortgage Corp. announced it is changing its name to Fairway Home Mortgage. The retail mortgage lender, which launched in 1996, also plans to highlight the tagline “All Roads Lead Home,” and will be rolling out a series of initiatives, including the website Home.com. Guild Holdings Co., the parent company of Guild Mortgage, announced […]
Mortgage rates fall for the fifth consecutive week

The decreases are partly due to the possibility that the Federal Reserve will soon cut rates
Office delinquency rate for mortgage-backed securities hits record high in June

Loan delinquency rates rose for four of the five main commercial property types
Mortgage applications gain momentum with second straight weekly increase

Refinances jumped as the 30-year rate dipped below 6.8%