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Serious delinquencies improved in the fourth quarter of 2021 but modifications and foreclosure starts rose as borrowers exited forbearance in droves, according to the Office of the Comptroller of the Currency. Completed modifications and…
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Now that mortgage rates have jumped, it might be time to consider alternatives to the 30-year fixed, such as the once-popular “5/1 ARM.” Everyone has heard of the 30-year fixed-rate mortgage – it’s far and away the most popular type of…
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Mortgage volumes decreased for the sixth time in seven weeks, as spiking interest rates suppressed borrower demand, according to the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of loan activity based on surveys…
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