Financial institutions that the Office of the Comptroller of the Currency regulates made headway processing modifications of first-lien homes on 1-4 family homes in the first quarter, reporting a significant rise in completions. Processing Content The number of loan mods completed during the first quarter rose 7.1% from 5,888 to 6,308, partially reversing a decline […]
Bank loan mods rise 7.1% as FHA, VA rules shift Read More »
A coalition of mortgage and banking industry trade groups called on the Department of Housing and Urban Development to align the Federal Housing Administration’s collateral valuation practices with those at the government-sponsored enterprises. Processing Content HUD issued a request for information on the Minimum Property Requirements for the FHA single-family program on May 28, with
FHA property rules should align with GSEs, trade groups say Read More »
Mortgage activity increased last week, as rates held steady in the mid-6% range, the Mortgage Bankers Association found. Processing Content The MBA’s Market Composite Index, a measure of mortgage loan application volume, increased 0.4% on a seasonally adjusted basis from one week prior for the week ending June 26, 2026. The Index increased 11% on
Purchase demand lifts mortgage applications Read More »