No Fed rate cut until September at earliest, economists say
None of the economists surveyed by Wolters Kluwer predict the Fed will cut rates at this week's meeting, few expect one in July and 41% said after September.
Mortgages
Tariffs, immigration fears stoke housing cost debate
A survey from Redfin reveals that Americans are unsure about how President Trump's policies will affect home prices.
By
Jarrod Barry
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.
If the CFPB axes the LO comp rule, what happens?
The Consumer Financial Protection Bureau pinpointed five rules that it wants the White House budget office to review. Details, however, are sparse.
Treasuries drop as strong jobs data curb bets on Fed rate cuts
Interest-rate swaps showed traders now see a roughly 70% chance of a quarter-point rate cut by September. Fewer than two rate cuts are fully priced in for the year.
Low credit scores in non-QM verge on 10% default rate
Loans with alternative documentation and high combined loan-to-value ratios had more performance concerns, according to a new KBRA study.
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 remodeling bond sales surge as Americans avoid moving
TPG Angelo Gordon estimates there's a $2 trillion market for home equity products. Thanks to tighter lending standards, the debt also appears safer than in the 2008 financial crisis.
How the secondary market is shaping home equity strategies
Securitizations are breaking new ground and whole loan investors have been active as nonbanks increasingly originate and sell second lien products.
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.
Point Securitization returns to raise $225.5 million from home equity investments
Most of the contracts in Point Securitization Trust, 1,750 (81.64%), are second-lien as of the cut-off date.
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.
Trump says Fannie Mae to keep US guarantee as public firm
President Donald Trump said that the US government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac even as he pursues a public offering for the mortgage giants.
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.
Trump floats a public offering for Fannie Mae, Freddie Mac
Hedge funds and other investors have called for the government to release the two entities from conservatorship, which could provide a windfall for shareholders.
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.
Hildene Capital in $5 million capital raise for Button Finance
The funding round will help Button Finance, which leverages AI to underwrite home equity financing, expand its range of products to more borrowers.
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.
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