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Mortgage Apps Dive; Rates Spike; FHA/VA now a Quarter of the Market!

by devteam February 18th, 2015

Mortgage application volume fell across the board for the second straight time during the week ended February 13, 2015. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage application volume declined substantially

Builder Confidence Still Fairly Solid Despite Catching Cold

by devteam February 17th, 2015

Bad weather appears to be taking a toll on otherwise solid builder confidence. The National Association of Home Builders (NAHB) said its Housing Market Index (HMI), a measure of builder attitudes toward new home construction, was down 2 points to 55 in

CFPB Fines 3 Lenders for Implying Government Affiliation

by devteam February 14th, 2015

Three mortgage lenders are facing civil action for false and misleading advertising. The three were identified in a joint Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) sweep of about 800 newspaper and internet ads and

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