Mortgage applications picked up last week, according to the most recent numbers put out by the Mortgage Bankers Association, offering optimism for a real estate market that has been facing a prolonged period of economic uncertainty. The Mortgage Bankers Association’s weekly Mortgage Composite Index showed applications up a seasonally adjusted 12.5% from the week before, […]
Mortgage applications rise for first time in a month Read More »
Mortgage scam reports have soared in recent years, opposite of the housing market’s slowdown. The industry as of April was reporting 71 mortgage scams per month, up from just 14 per month in 2022 at the tail-end of the refinance boom, according to BackOffice Pro, a business services organization. While real estate companies disclosed losses
Mortgage scam reports are soaring despite the slowing market Read More »
Diane Tomb is out as CEO of the American Land Title Association, and there are indications that the departure was not voluntary. Chris Morton, previously senior vice president of public affairs and chief advocacy officer, has been named as Tomb’s replacement. Morton had been in that role since 2020 when he first joined ALTA. “We
ALTA shakes up leadership: Tomb out, Morton in as CEO Read More »