Mortgage applications rise to highest level since July 2022

Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA).The 11% increase in the MBA’s overall applications index — boosting the index

Judge grants motion to dismiss NEXA Mortgage lawsuit against former president

A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage, a motion to dismiss a lawsuit filed by the company. NEXA has accused Grella of causing the failure of a $24 million hangar-office property purchase and the brokerage firm is preparing to file an amended complaint. The saga

Why aren’t home prices falling?

For years, the U.S. housing market boomed. Economic growth, cash flowing through the economy, and cheap mortgages all drove massive homebuyer demand for more than a decade.People have told me, “Home prices have raced higher, it’s unsustainable, homes are unaffordable; therefore, home prices must fal