News Ticker

[ May 10, 2024 ] Reverse mortgage volume and HMBS issuance improve in April Housing Wire
[ May 10, 2024 ] A homeowners insurance perfect storm: Providers’ costs rise, users’ coverage shrinks Housing Wire
[ May 10, 2024 ] Guild posts origination gains in Q1, declares a dividend Housing Wire
[ May 10, 2024 ] Rocket bets big on AI for bespoke customer experiences Housing Wire
[ May 10, 2024 ] Top indie firm Portside acquires another brokerage in Central Maine Housing Wire

Mortage News

Mortgage news refers to the latest developments and trends in the mortgage industry, including changes in interest rates, new mortgage products, updates on regulations and guidelines, and other factors that affect homebuyers and homeowners.

Mortgage news can also cover topics such as the housing market, home prices, foreclosure rates, and other factors that impact the mortgage industry. For example, mortgage news may report on changes in home sales, new construction activity, or economic indicators that can affect mortgage rates.

Refinancing Activity Responds to Rate Drop

December 13, 2023 Mariel Alumit Comments Off

Borrowers took advantage of lower mortgage rates again last week, seizing the opportunity, especially for refinancing. The Mortgage Bankers Association (MBA) said its seasonally adjusted Market Composite Index, a measure of mortgage loan application volume, […]

Refinancing Perks Up as Rates Drop

December 6, 2023 Mariel Alumit Comments Off

Double-digit declines in many mortgage rates helped revive interest in refinancing last week and a subsequent increase in the Mortgage Bankers Association’s (MBA’s) Market Composite Index. The Index, a measure of application volume, rose 2.8 […]

Survey: Fewer Buyers Are Willing to Wait to Home Price and Mortgage Rate Declines

December 5, 2023 kingstu Comments Off

Prospective homebuyers may be running out of patience for home prices and interest rates to fall before buying property, according to new data from the Bank of America (NYSE:BAC) Homebuyer Insights Report. According to the […]

Freddie Mac announces standardized mortgage documents for DPA programs

December 5, 2023 kingstu Comments Off

Freddie Mac rolled out standardized subordinate lien documents for subordinate mortgages offered by down payment assistance (DPA) providers to facilitate easier and greater use of DPA program. Historically, subordinate-lien documents for various DPA programs have […]

Impatient homebuyers are gradually accepting the reality of the housing market: BofA

December 5, 2023 kingstu Comments Off

Prospective homebuyers are slowly growing less sensitive to home prices and high-interest rates, and fewer of them are willing to wait for a better market to buy a home. According to Bank of America’s 2023 […]

Conforming, FHA loan limits rose for 2024, but who benefits?

December 4, 2023 Mariel Alumit Comments Off

The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home in Texas, but with […]

CFPB’s Chopra addresses mortgage trigger leads, servicing rules in Senate hearing

December 4, 2023 Mariel Alumit Comments Off

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has made the rounds this week on Capitol Hill, providing testimony to Congress in their semi-annual reviews of the CFPB. On Thursday, Chopra took questions from members […]

Mortgage rates should drop below 7% as housing demand picks up

December 4, 2023 Mariel Alumit Comments Off

What a week! Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. Times can change quickly, which is why we […]

Pending Sales Slide to 20-year Low

December 1, 2023 Mariel Alumit Comments Off

The National Association of Realtors® (NAR) said its Pending Home Sale Index (PHSI) established a record low in October. The Index, a forward-looking indicator of contracts signed to purchase single-family homes, townhomes, condominiums, and cooperative […]

Q3 Mortgage Originations Down 3% From Previous Quarter

November 30, 2023 Mariel Alumit Comments Off

A total of 1.54 million mortgages secured by residential property (one to four units) were issued during the third quarter, according to new data from ATTOM. This represents a 3% decline from the second quarter […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]