Mortgage rates surge in the final weeks of 2024 | National …
Dec 26, 2024 · The 30-year fixed-rate mortgage came in at an average of 6.85% for the seven-day period ending Dec. 26, according to Freddie Mac's weekly Primary Mortgage Market Survey. Economic trends provided lift, as the latest number rose 13 basis points from a 6.72% average a week earlier. This week's mean is also higher from one year ago when the 30-year rate finished at 6.61% in 2023's final survey.
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Best Mortgage Companies to Work For 2024 - National Mortgage …
Mar 4, 2024 · The home lenders voted by their employees as the Best Mortgage Companies to Work For in 2024 discuss supporting and engaging teams during a trying time for the industry.
Jobs, rates and insurance influence Freddie's 2025 outlook
Dec 24, 2024 · Its outlook was informed by what Freddie Mac defined as the top three trends in the housing market in 2024: jobs, rates and insurance.
Easyknock shutdown falls under congressional microscope
Dec 19, 2024 · Lawmakers asked the company's founder and CEO to provide details ranging from arrangements being made for former customers to his own executive compensation.
9 explosive mortgage suits 2024: poaching, fraud and more
Dec 23, 2024 · Rival lenders lodged suits for poaching, Rocket sued HUD over appraisal bias and a top LO was accused of large-scale mortgage fraud.
Mortgage technology advanced despite tough market in 2024
Dec 24, 2024 · The pace of technology breakthroughs on a broad scale provided momentum for growth in efficiencies within the home lending community in 2024 despite ebbs and flows in loan volume. While digital adoption in the industry has rapidly accelerated since the Covid-19 pandemic, 2024 provided evidence of how essential it has become in home finance — with both positive and negative results to show ...
Rate, Onity, Figure add, promote mortgage leaders | National …
Jan 3, 2025 · The Loan Store welcomes a former Flagstar exec as Calque, Proof and Flueid name new chief revenue officers in this roundup of mortgage industry moves.
Three deals help wrap up strong year for PLS
Dec 17, 2024 · The November estimates from Bank of America Securities calls for gross PLS issuance of $129 billion by year-end, up from $70 billion for 2023. Next year it predicts $176 billion, which would be the second best year post-financial crisis, trailing the $214 billion of issuances in 2021.
CFPB sues Rocket Homes, brokerage over kickback scheme
Dec 23, 2024 · The Consumer Financial Protection Bureau is accusing Rocket Homes, the real estate arm of Rocket Companies, of initiating a kickback scheme between itself and The Mitchell Group, a real estate brokerage, to boost origination business.