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Regulators may view prepproval, prequalification mix-ups as deceptive

People in the industry use the terms interchangeably, but Washington State is warning brokers that they are not the same and other regulators could follow.

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Mortgage activity drops for first time in five weeks

The falloff in government-backed applications outpaced the overall decline, with volume down by over 8%, the Mortgage Bankers Association said.

Mike fratantoniDepartment of veteransMortgage bankers associationUs department of agricultureComposite indexPurchase indexRefinance indexGovernment indexFederal housing administration insuredVeterans affairs guaranteedMortgage applications

Mortgage volumes increase for second week

Concerns about the stability of the banking industry helped drive interest rates down, bringing more borrowers to the table, according to the Mortgage Bankers Association.

Jerome powellJoel kanSilicon valley bankUs department of agricultureSignature bankDepartment of veteransHousing administrationMortgage bankers associationFederal reserveComposite indexRefinance indexPurchase indexFederal housing administrationVeterans affairs guaranteedFederal reserve chair jerome powellChairman powell

Mortgage activity falls alongside declining inventory

A week after it dropped to a 28-year low, purchase activity decreased again by over 5%, according to the Mortgage Bankers Association.

Joel kanTaylor marrUs department of agricultureDepartment of veteransHousing administrationMortgage bankers associationMarket composite indexPresidents dayPurchase indexFederal housing administrationVeterans affairs guaranteedMortgage applications

Mortgage applications increase for third straight week

Volumes came in higher for purchases and refinances, as well as for both conventional and government products.

United statesMartin luther king jrJoel kanOdeta kushiUs department of agricultureDepartment of veteransMortgage bankers associationFederal reserveMortgage bankersComposite indexMartin luther kingPurchase indexFirst americanRefinance indexHousing administration backedVeterans affairs guaranteed

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