What’s behind the increase in housing inventory?
Housing supply is returning to pre-pandemic levels, but the rise comes as new listings fall, pointing to subdued demand, leading real estate brokerages said.
Originations
HUD dissolves ‘woke’ policies created by appraisal task force
The Department of Housing and Urban Development reiterated it has withdrawn a number of FHA mortgagee letters related to appraisals.
Mortgage rates turn upward on strong jobs data
The 30-year fixed mortgage rate rose for the first time in six weeks, driven by Friday's strong jobs report and renewed uncertainty around tariffs.
ARMs tripled at banks over past decade
Growth in conventional originations at U.S. banks came with the unexpectedly rapid rise of 30-year fixed interest rates in 2022, Federal Reserve researchers found.
Capital One confirms Discover home equity shutdown
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
Refi applications soar as homeowners seize on lower rates
Refinance apps made up more than 40% of all mortgage applications last week, driving an uptick as consumers seek out cheaper mortgage payments.
By
Jarrod Barry
FICO adds BNPL data to credit-scoring models
Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.
Bond traders look to Fed officials for clues on rate cut timing
Bond investors are on alert for hints on when the Federal Reserve will deliver the two 2025 interest-rate cuts officials projected at their latest policy meeting.
Home equity investment products set to soar, experts say
Secondary market interest in home equity contracts is drawing new participants, with 2025 securitization activity ahead of last year, industry leaders said.
Mortgage credit offerings at loosest in over two years
While lenders have come out with more products for the spring season, rate lock data finds buyers still hesitant to act because of high mortgage rates.
Mortgage rates move lower for first time in four weeks
Even with the four basis-point drop, the 30-year fixed rate mortgage remained at levels last seen in February as the Spring homebuying season reaches its climax.
Home equity lending has strong two-year runway ahead
The product, as well as the housing market, is different today than what it was two decades ago, where some feel it was a cause of the financial crisis.
Monthly mortgage payments on the rise, but not for long
However, with the market continuing to shift more in favor of homebuyers, home prices should move lower, aiding affordability in the weeks ahead.
Guild Mortgage, Bayview Asset explore servicing M&A
This potential transaction would be part of a broader trend of mortgage lenders and servicing players converging, such as Rocket's recent acquisition of Mr. Cooper.
Mortgage rates will go below 6% next year, Fannie says
Increases in gross domestic product and home sales expectations compared with April are the drivers of Fannie Mae's latest mortgage outlook for 2025 and 2026.
Mortgage applications for new homes soar to record high
A growing supply of unsold inventory applied downward pressure on prices, offering home buyers some relief, the Mortgage Bankers Association said.
Mortgage applications rise 1.1% as rates stabilize
The average 30-year fixed-rate mortgage rose slightly to 6.86% last week, as economic volatility calmed following the Federal Reserve's recent inaction.
Mortgage rates down as tariff tantrum ends
Pricing on the 30-year fixed rate mortgage retreated this week as investors digested some economic news, including a GDP contraction in the first quarter.
Newrez sees growth opportunity from Rocket-Mr. Cooper merger
The lender's parent also said it is actively in preparation to move forward on plans to unlock equity value in 2025, with a Newrez spinoff among its options.
Mortgage rates level off after wild swings
While the 30-year rate landed near its level of a week ago, it ended up there only after political developments led to up-and-down swings in Treasurys.
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