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The bank plans to contact all customers who paid fees for rate lock extensions during a three-and-a-half-year period and to refund any who believe they should not have been charged.
October 4 -
Stephen Sessler, the director of mortgage banking at the $4 billion-asset Camden National Bank, provides other lenders a peek at the benefits and pitfalls of digital mortgages.
September 29 -
The share of purchase and refinance loans originated by nonbanks are at their highest point since at least 1995, according to an analysis of new Home Mortgage Disclosure Act data.
September 28 -
Mortgage application activity decreased 0.5% from one week earlier as a decline in refinance volume was only partially offset by an increase in purchases.
September 27 -
Mortgage application activity decreased from one week earlier due to normal seasonal trends, according to the Mortgage Bankers Association.
September 20 -
The changes are aimed at aligning requirements with a new Consumer Financial Protection Bureau rule under the Home Mortgage Disclosure Act.
September 13 -
As mortgage rates dropped to new lows for the year, loan application volume increased from one week earlier, according to the Mortgage Bankers Association.
September 13 -
With interest rates lower than expected and existing-home prices driving demand, applications for new-home purchases grew in August.
September 12 -
Mortgage refinancing applications were more than half of the volume for the first time since January, according to the Mortgage Bankers Association.
September 6 -
Mortgage applications decreased 2.3% from one week ago, according to the Mortgage Bankers Association.
August 30 -
Wells Fargo forced borrowers to pay millions of dollars in fees to extend interest rate locks that expired due to the bank's delays in processing mortgage applications, a lawsuit claims.
August 29 -
Signs are mounting that rising home values are starting to close the door for more Americans, threatening to temper the momentum in residential real estate.
August 25 -
There was very little change in mortgage application activity for the second consecutive week, according to the Mortgage Bankers Association.
August 23 -
Mortgage application volume was practically flat when compared with one week earlier, according to the Mortgage Bankers Association.
August 16 -
Mortgage application volume increased 3% from one week earlier as slightly lower interest rates resulted in more refinance activity, according to the Mortgage Bankers Association.
August 9 -
Mortgage application activity decreased 2.8% from one week earlier as interest rates were flat or moved slightly higher, according to the Mortgage Bankers Association.
August 2 -
Loan application volume increased 0.4% from one week earlier, according to the Mortgage Bankers Association, as rates fell to their lowest level in three weeks.
July 26 -
Mortgage loan application volume increased 6.3% last week as interest rates remained flat after a sharp gain during the previous 14-day period, according to the Mortgage Bankers Association.
July 19 -
Application volume decreased 3.4% from one week earlier, according to the Mortgage Bankers Association.
May 31 -
Mortgage applications increased 1.5% from one week earlier even though refinancing activity continues to shrink, according to the Mortgage Bankers Association.
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