Mortgage Risk Index hits series high in January

Mortgage Risk Index hits series high in January

by Calculated Risk on 4/11/2017 10:19:00 PM From Matthew Graham at mortgage news daily: mortgage rates hit New 2017 Lows Mortgage rates moved lower today–significantly in some cases–with the average lender making it back to 2017’s lows for the first time since January.

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Mortgage rates hit yet another record low this week with the 30-year fixed rate falling to an average of 3.87% and the 15-year fixed dropping to 3.14%, according to Freddie Mac.

An increase in the index indicates a rising level of loan application defects. The index, nationally and in all markets, is benchmarked to a value of 100 in January 2011. Therefore, all index values can be interpreted as the percentage change in defect frequency relative to the defect frequency identified nationally in January 2011.

Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million CFPB lays pathway to compliance for lenders, servicers Share This Page CFPB Spotlights Borrower Complaints About student loan servicers. june 22, 2017 / source: cfpb jun 22, 2017. WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a report spotlighting complaints from borrowers about student loan servicers mishandling public Service Loan Forgiveness.FALMOUTH, MA – The president and founder of a now-defunct mortgage company in Falmouth was sentenced to prison Tuesday for defrauding the government out of $2.5 million, according to the U.S.

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Mortgage rates rose for the first time in 12-weeks in the week ending 31 st January. 30-year fixed rates. a patient FED and a series of relatively upbeat stats through the week supported risk.

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The series is the average contract rate reported by a sample of mortgage lenders– savings and loan associations, savings banks, commercial banks, and mortgage companies — for loans closed during the first 5 working days of the month up through October 1991 and for the last 5 working days of the month since November 1991. The rate is based on.

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Mortgage Rates Hit Two-Month High.. Rates on 30-year mortgages had dropped as low as 6.10 percent in mid-January before beginning their latest rise. Economists believe the path of mortgage.

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