Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 22, 2022.
House prices rose nationwide in May, but at a slower pace than in April, two home price indices reported on Tuesday.
Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier--the smallest annual increase since October--reported Redfin, Seattle.
The number of calls per loan to mortgage servicers has decreased as self-service options become more widespread and borrowers can resolve basic requests on their own, reported S&P Global Market Intelligence.
DataVerify, St. Louis, a provider of data verification, risk mitigation and workflow automation services, announced its AI lending automation solution, DataVerify Assist.