Watch spreads, not the Fed, for mortgage rate shifts
Concerns regarding AI companies' ability to handle inflation drove the 10-year Treasury under 5%, but with data still running hot, could yields turn upward?
Originations
UWM sheds MSRs to ease debt as origination margins slip
The company expects to report net income between $205 million and $220 million, with positive servicing results offset by an originations miss, analysts said.
Market HELOCs at local level, not broadly, to be successful
In an increasingly competitive business segment, having the data to do targeted marketing at the neighborhood level will help home equity application conversion rates.
Mortgage rates flat this week, but prepare for uncertainty
With how investors are reacting to inflation news and its impact on stocks, it would not take much to move markets in either direction when it comes to rates.
Lenders tighten credit as rate hikes shrink refi market
Among the products disappearing from menus in September included those for cash-out refis and investor home purchases, the Mortgage Bankers Association said.
UWM scraps credit score minimums amid KBW downgrade
Fannie, Freddie and Ginnie loan eligibility now rests on AUS findings, with scores kept for pricing. KBW cut UWM's price target to $1.50 as it launches a $400M rights offering.
Pennymac, UWM, loanDepot lag in RMBS issuance as Rocket grabs share
Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
Rising Treasury yields darkens mortgage rate outlook
Zillow now predicts mortgage rates to end 2026 over 7%.
How Chase, BofA, Wells are luring borrowers in a 7% market
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
Fannie, MBA cut 2026 forecasts; plan for 6.8% rates
Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.
Mortgage rates near 7% but expected to ease by December
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
Mortgage lenders need to keep innovating after Fed hike
The market initially showed relief after the initial confirmation of an anticipated inflation-fighting hike but discussion of a future raise renewed concern.
Rocket starts higher conforming limit marketing push
Rocket jumps first to raise 2027 conforming loan limits to $845,000, with Rate and CrossCountry matching; UWM's move still pending marking an early signal of IMB competitive positioning.
Non-QM securitization record signals secondary market shift
Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
What Warsh’s Jackson Hole speech could do to mortgage rates
If Fed Chair Kevin Warsh's comments lack substance on inflation in the market's opinion, it is likely to drive mortgage rates even higher, NerdWallet warned.
Carrington expands non-QM guidelines, citing sector growth
The product expansion comes at a time when not just non-agency issuance is expected to have a record year, but other lenders are getting into wholesale.
Home prices trail inflation again: where growth still holds
Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
Shift to purchases: Higher rates squeeze 2026 refi volume
The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
Data center boom shifts rural property valuations
As tech facilities push into lower income and rural housing markets, lenders navigate local growth without major impacts on home sales price trends.
What Fannie Mae’s new rate outlook means for originations
So far, annual home lending growth is on track to slow, but not stop, with some positive developments surfacing amid broader challenges.
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