Mortgage Benefits Corp., Redwood City, Calif., has announced an agreement with eAppraiseIT LLC to offer discounted fees on property appraisal services to members of MBC's MortgageChoice Plan group mortgage benefit.MBC said benefits will include discounted fees, guaranteed cash credits toward nonrecurring closing costs, a choice of loan products from over 100 wholesale lenders, a self-service Web portal, a searchable agent database, a help center, and consumer protection. "Plan members will receive substantial savings, and The Mortgage PPO providers will benefit from unique products and standardization throughout the network to achieve better service levels," said Marsha Tiller, MBC's founder and president. The companies can be found online at http://www.mortgageplans.com and http://www.eappraiseit.com.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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