Homeowners who were locked into high interest rates have been eager for them to dip so they can refinance. Last week, many saw their chance and took it. Mortgage applications rose 2.7% for the week ending June 27, according to the Mortgage Bankers Association’s Weekly Applications Survey, driven mostly by refinancing. Refinance applications were up […]
Refi applications soar as homeowners seize on lower rates Read More »
U.S. Federal Housing Director Bill Pulte is asking Congress to investigate Federal Reserve Chairman Jerome Powell, in a stark escalation of the official’s campaign against the central bank head. In a statement posted to X on Wednesday, the chairman of Fannie Mae and Freddie Mac cited Powell’s statements in a recent Senate committee appearance as
Pulte urges Congress to investigate Powell Read More »
United Wholesale Mortgage is suing nearby rival Towne Mortgage in a rare theft of trade secrets case from the industry’s largest lender. The lawsuit filed in January accuses nine former UWM account executives of taking trade secrets, including broker partner information, to Towne. The competing retail and wholesale lender and servicer last month denied the
UWM sues nearby rival Towne Mortgage for poaching Read More »