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  • Chronos Solutions acquires UPF Services

    Chronos Solutions announced its latest business move, finalizing its acquisition of UPF Services. Matt Slonaker, executive vice president of sales and marketing for Chronos Solutions, first alluded to the acquisition in an interview with HousingWire back in July. Now only a few weeks later, Slonaker and Andrew Gladston, senior vice president of corporate development at Chronos Solutions, revisited with HousingWire to give the full details of the acquisition.

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Mortgage applications increase 0.4%

Refinance index grew 3% from the previous week

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Mortgage applications barely budged from one week prior, increasing 0.4% for the week ending Jan. 31, the Mortgage Bankers Association report found.

As a whole, the refinance share of mortgage activity stayed frozen at 62% of mortgage applications.

The refinance index grew 3% from the previous week, while the purchase index declined 4% from one week earlier.

Meanwhile, the 30-year, fixed-rate mortgage with a conforming loan balance dropped to 4.47% from 4.52%, as the 30-year, FRM with a jumbo loan balance declined to 4.42% from 4.47%.  

The 30-year, FRM backed by the FHA fell to 4.12%, compared to 4.18% last week.

In addition, the 15-year, FRM decreased from 3.59% to 3.53%, and the 5/1 ARM tumbled to 3.15% from 3.25%.

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