The law helps delinquent VA borrowers and allows them to pay buyer-agent commissions when house shopping. 

Purchase applications slowed to their lowest level since May as economic worries dampened activity, the Mortgage Bankers Association said. 

The FICO alternative is expected to greatly expand the number of eligible borrowers by allowing rent and utility payments to count toward a credit score. 

Purchase applications hit their highest level since February 2023. 

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

Trip Parker and Kelly Rebimbas will operate from Premier Sotheby’s Central Florida and Naples/Marco Island locations. 

The highest-ranking Latino originator from South Florida was Julio Silva of CrossCountry Mortgage in Deerfield Beach. 

The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty. 

The average 30-year mortgage saw its contract interest rate jump to 6.90% from 6.81% the week before, the Mortgage Bankers Association said. 

The acquisition of the mortgage servicer comes on the heels of Rocket’s $1.75 billion deal for Redfin. 

After 21 years in the U.S. Air Force, AJ DiCarlo will work as a mortgage loan originator in Destin. 

The funding is available for homes located in the bank’s district, which includes Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and Washington, D.C. 

Select Lending Services has assigned three loan officers to work exclusively with Premier Sotheby’s International Realty clients in the two markets. 

The project by Related Group, Rockpoint and Two Roads Development will bring 56 “sky villas” to Miami’s exclusive Bal Harbour village. 

The community, Soleste Palm Station, will have 321 apartments in two eight-story buildings. 

Forté Luxe will bring 17 residences to a waterfront peninsula in the Intracoastal Waterway.