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Mortgage demand falters as rates inch past 7%
September 28, 2022
Allen Santos
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Demand for mortgage loans dropped following the Fed’s decision to raise interest rates by an additional 75 basis points last week. The market composite index, a measure of mortgage loan application volume, declined 3.7% for […]
Mortgage Application Volume, Tiny Increase in Purchase Activity Ends 5-Week Slump
September 15, 2022
Stu Turley
Mortage News
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Mortgage Application Volume, Tiny Increase in Purchase Activity Ends 5-Week Slump Only a slight uptick in purchase mortgage applications kept all last week’s volume indicators from falling for the fifth straight time. The […]
Mortgage lenders American Portfolio and Town Square announce merger deal
February 9, 2023
Mariel Alumit
Housing Wire
Comments Off on Mortgage lenders American Portfolio and Town Square announce merger deal
Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. The lenders, both privately held, will retain their […]