Mortgage News

• New $25k FTHB Assistance Program is Fascinating

  There’s a new FTHB down payment assistance program on the fast track to getting done that is the most fascinating thing we’ve ever seen. It’s called the Down Payment Equality Act of 2021. CLICK HERE to see it for yourself. What do you think about this program? Is it a good thing? Does it help […]

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• Mortgage Applications End Losing Streak

  Mortgage application volume broke out of a six-week slump in a big way during the week ended April 16. The Mortgage Bankers Association said its Market Composite Index, a measure of that volume, jumped 8.6 percent on a seasonally adjusted basis and was 9 percent higher on an unadjusted basis. It was the first positive posting for the index since the week ended February 26 and only the fourth increase this year. The Refinance Index rose by 10 percent from the previous week although it remained 23 percent lower than the same week in 2020. Refinance applications accounted for 60 percent of the total compared to 59.2 percent a week earlier. The seasonally adjusted Purchase Index increased 6 percent before seasonal adjustment and 7 percent afterward. It was 57 percent above its level the same week in 2020.   

   

• NAMB on New CFPB Boss and FHFA

  Today we get some insights to what NAMB President Kimber White has to say about the incoming CFPB Director and what’s going on with FHFA. Not sure when we can expect the new CFPB boss to take over or when a decision will be made on the fate of the FHFA boss Calabria. But, both […]

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