While there are legitimate means to allow consumers to boost their credit scores, others – not just individuals but also industrial or institutional actors – engage in a practice known as credit washing. The practice takes advantage of something people are allowed to do: challenge erroneous information on their credit reports. But in credit washing, […]
Credit washing rose nearly 700% over 2 years: Transunion Read More »
A change in mindset, away from the transactional and more towards creating relationships has led to higher customer satisfaction scores, improved trust and increased levels of brand loyalty, the latest J.D. Power survey found. But in what can be termed as a surprise in the results, Citi had the highest score in the 2025 U.S.
Citi tops J.D. Power mortgage satisfaction rankings Read More »
A 50-year mortgage on a median-priced US home could reduce borrower’s monthly repayment, but also double the amount of interest the owner pays over the life of the loan, according to UBS Group AG analysts. The longer mortgage could lower the monthly payment by about $119, or increase an average consumer’s purchasing power by almost
A 50-year mortgage to double interest paid over tenor, UBS says Read More »
Refinancing slowed down in October after consecutive months of dramatic spikes, pushing down rate-lock activity. Rate locks fell 4.2% to 122 from September to October, but were still up 18% on a year-over-year basis, according to Optimal Blue’s latest Market Advantage mortgage data report. Purchase locks decreased 1.5% last month, following seasonal trends, while rate-and-term
Refi spike tapers off despite falling rates Read More »
In a year marked by consolidation, the mortgage industry saw another two merger agreements over the past week, both leading to unions between Mid Atlantic lenders. On Monday, Northern Virginia-based Atlantic Coast Mortgage reported it had reached a deal to acquire a fellow in-state retail lender. Located in Fairfax and currently licensed in 40 states,
Mortgage M&A streak continues with new deals Read More »
New insurance written at the nation’s six active private mortgage insurers continued to run ahead of last year’s pace during the third quarter, with the market share gap widening between the top and bottom. For the quarter, the MIs wrote $84.3 billion of new policies, compared with $81.2 billion three months prior and $82.5 billion
Mortgage insurers have strong 3Q for new policies written Read More »
The Veterans Affairs home loan benefit has been available for more than 81 years, yet misconceptions about the program persist, a Navy Federal Credit Union survey found. These misunderstandings affect both eligible borrowers and real estate professionals concerned about VA requirements. VA mortgage applications accounted for 13.4% of all mortgage applications in the week ending
VA loans gain ground despite misconceptions and shutdown Read More »
Mortgage credit availability hit its highest level in three years last month, driven by a significant growth in conventional mortgages. The Mortgage Bankers Association’s Mortgage Credit Availability Index increased 2.3% to 106.8 in October, marking the fourth consecutive month of growth, following marginal gains of 0.2%, 0.1% and 0.4%, respectively. The score is also up
Mortgage credit availability hits 3-year high Read More »
While the publicly traded title underwriters across the board reported improved third quarter results on a year-over-year comparison, helped by September’s refinance activity that several mortgage lenders referred to in their results. The biggest news from the sector came after the quarter ended, with three of the companies announcing merger and acquisition deals. Fidelity
Refis drive better 3Q for major title insurers Read More »
The number of homeowners who can reduce their monthly payments by refinancing hit a multi-year high as mortgage rates continue to weaken, new industry data found. The 30-year fixed-rate mortgage fell to 6.17% the last week of October, and as a result, the number of highly qualified refinance candidates, homeowners with at least a 720
Refi opportunities hit 3-year high as rates ease Read More »