Is mortgage credit increasing due to acceptance of higher rates?
Mortgage lenders offered more cash-out refinance programs at a time when consumers might be coming to terms with the rate environment.
Originations
Does the CFPB have mortgage rate discount points in its crosshairs?
In a study posted weeks after it raised concerns about "junk fees," the Consumer Financial Protection Bureau noted that the amount of borrowers paying discount points doubled from 2021 to 2023, with the increase larger among consumers with lower credit scores.
UWM slams investigative report, racketeering lawsuit
A hedge fund-backed newsroom accused the industry giant of overcharging borrowers by hundreds of millions of dollars through "corrupt UWM loyalist" brokers.
United Wholesale Mortgage No. 1 in HMDA data analyses
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
Pending home sales bounce back after slumping in January
The Midwest was the main driver of the increase in pending sales, with a 10.6% jump, while contract signings in the South edged up 1.1%.
Mortgage rates to stay elevated on inflation worries, Freddie says
The 30-year fixed rate mortgage, the movements of which have been volatile in recent weeks, is expected to stay in the range of 6.5% for the first half of the year before trending down, Freddie Mac said.
Mortgage rates move higher on systemic volatility
Instability in mortgage rate movements should continue in the weeks ahead, even with Fed Chairman Jerome Powell's comments on inflation.
Fed holds rates at 23-year high amid sticky inflation
Rates won't fall far enough to drive meaningful mortgage volume gains this year, according to a Fitch Ratings analyst.
Mortgage rates to stay over 6% for next two years, Fannie Mae says
Fannie Mae's latest forecast now predicts rates to be half a percentage point higher, and volume to be $1.5 trillion lower than previously expected in 2024.
In Q4, lenders lost the most money per-loan ever recorded by MBA
The increase in production revenues was canceled out by higher expenses, a sign that too much capacity remains in the system, the Mortgage Bankers Association said.
Mortgage rates slip but forecasts don’t look promising
The average 30-year fixed mortgage rate for conforming loans fell, according to Freddie Mac, even as the 10-year Treasury yield rose nearly 18 basis points from the start of this week.
Change Lending now a member of Federal Home Loan Bank of San Francisco
The community development financial institution was the nation's top non-qualified mortgage lender last year, according to one ranking.
CFPB’s mortgage ‘junk fee’ blog draws ire and praise
While some said the agency was ignorant of its own rules, one trade group praised the goals of the posting.
Biden’s speech elicits mixed reaction from housing industry
Regulatory reform – rather than Biden's proposed solutions – is needed to fix the inventory crisis, some say, but others applauded the president's buyer cost-cutting initiatives.
Mortgage credit loosens on more refi product offerings
February was the second consecutive month where lenders eased underwriting, although overall availability remains near record low levels, the Mortgage Bankers Association.
Mortgage rates rise again and could stay higher for longer
The latest inflation news has created concern that the Federal Reserve's pivot on short-term rates could be delayed.
Flattening rates fail to bring in mortgage borrowers
Loan volumes fell for the third straight week, with depressed demand for government lending driving activity downward, the Mortgage Bankers Association said.
Fannie Mae predicts higher interest rates in latest 2024 outlook
While mortgage volume should rise this year, the government-sponsored enterprise expects slightly less activity than it did back in January.
Mortgage rates hit highest mark since mid-December
The 30-year average rate got closer to 7% as central bank officials dashed near-term hopes of a cut, according to Freddie Mac.
Mortgage app volumes plunge after rate surge
Mortgage application activity had its largest decline in a year, according to the Mortgage Bankers Association.
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