Foreclosures exceed last year’s pace by 6%
While foreclosure numbers in the first six months of this year were up compared to 2024, starts eased as the spring progressed, according to Attom.
Mortgages
Mortgage rates rise as investors react to inflation news
For the second consecutive week mortgage rates moved higher, as the likelihood of the Federal Reserve acting diminished after the Consumer Price Index report.
Mortgage strain pushes foreclosure inquiries up
Calls for foreclosure prevention advice jumped upward by almost 30% from a year ago and helped fuel overall consumer distress levels to a five-year high.
Non-QM drives RMBS H125 gains amid uncertain outlook
Most indicators cited by Morningstar DBRS are favorable to a good securitization market the rest of the year, but inflation is one of several challenges.
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The Department of Housing and Urban Development reiterated it has withdrawn a number of FHA mortgagee letters related to appraisals.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.
Chase RMBS issuance raises $501.7 million
The deal is the seventh prime jumbo issuance from Chase Home Lending Mortgage Trust in 2025.
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
BMO CMBS raises $698 million for diverse property pool
Diversity and metropolitan focus could provide resiliency in economic downturns
Brookfield-sponsored CMBS raises $400 million for Brooklyn towers
Eagle + West is Brookfield's premier luxury building at Greenpoint Landing.
Budget resolution clears a hurdle, more to come
The Senate advanced the One Big Beautiful Bill Act through a procedural vote, opening the legislation for debate followed by Monday's vote-a-rama.
By
Scott Sowers
FHLBank San Francisco invests $53M in Fannie Mae bond
This transaction for 230 rental units follows a March $10 million affordable housing investment in Nevada Housing Division Mortgage Revenue Bonds.
Researchers find ‘surprise’ in new mortgage delinquency data
While consumer distress in auto and personal loans also picked up, the pace of growth among mortgages was atypical, Vantagescore's monthly credit gauge said.
Nonbank servicing standards apply to 99% of market: CSBS
Nonbank mortgage companies are regulated on the state level, but multistate examinations allow for virtual nationwide and industry-wide coverage.
Fannie less optimistic about home sales, mortgage rates
Fannie Mae's June housing outlook was down from a month ago, reflecting expectations of a further slowing housing market.
By
Jarrod Barry
Homeownership stalls after a decade of gains
The gap between costs and wages hit an inflection point and policy may determine what happens next, according to the Harvard Joint Center for Housing Studies.
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.
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