Mortgage credit availability decreased in September, remaining at a six-year low, the Mortgage Bankers Association reported this morning.
In another victory for Mortgage Bankers Association advocacy, the Consumer Financial Protection Bureau yesterday rescinded a controversial Compliance Bulletin on prohibition of kickbacks and referral fees under the Real Estate Settlement Procedures Act.
Millennials continue to take advantage of record-low interest rates, according to Ellie Mae, Pleasanton, Calif.
ATTOM Data Solutions, Irvine, Calif., said its third-quarter Special Report shows pockets of the Northeast and Mid-Atlantic regions most at risk, with clusters in the New York City, Baltimore, Philadelphia and Washington, D.C. areas - while the West and now Midwest are less vulnerable.
We apparently haven’t seen a bottom in mortgage interest rates—and it got a lot of borrowers off their couches, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 2.