Point 2026-2 just delivered home equity investments’ biggest ABS
Raising $508.6 million, and being the first to cross the half-trillion dollar mark, the Point 2026-2 series also drove down funding costs by more than 220 basis points.
Mortgages
Budget for 6.3% rates through 2027, Fannie Mae warns
Economists at the government-sponsored enterprise have been lowering their single-family origination volume estimates for several months.
US mortgage rates match highest in almost a year, purchases drop
The average contract rate on a 30-year fixed mortgage climbed 7 basis points to 6.65% in the week ending July 10. Meanwhile, the group's index of mortgage purchase applications fell 7.3%.
How states are responding to data center risk on housing
Bipartisan pushback is targeting data centers with calls to eliminate tax breaks and ensure their energy consumption costs do not get passed on to residents.
Remodel financing gap signals opportunity for lenders
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
Mortgage rates increase behind Iran, inflation worries
A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
Agency MBS issuance slows in June on fewer refis
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
Bank uses a twist on credit-linked notes for capital relief
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
With updated FICO model, Figure Lending floats $321.1 million on HELOCs
Figure Lending originated the HELOCs using the FICO 9 scoring model, which treats medical debt, rental payments and repaid collection accounts differently.
UWM concedes but defiant in its views on Two Harbors’ board
A dividend cut is what some feel likely to be next for UWM, in order to reduce leverage levels which are well above competitors Rocket and Pennymac
Two Harbors shareholders finally approve CrossCountry deal
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
US added 57,000 jobs in June; Fed outlook muddied
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
Bank loan mods rise 7.1% as FHA, VA rules shift
The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
Purchase demand lifts mortgage applications
Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
Fannie Mae names buyer of its first RPL deal in 2026
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
Delinquencies rose in May, but don’t panic, ICE says
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
Two Harbors delays CrossCountry deal vote again
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
Some want Basel changes for certain non-QM and HLTV loans
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
Commercial and multifamily mortgages cross $5 trillion outstanding
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
Mortgage rates fell but are shifting after FOMC forecast
A potential end to the Iran War could lead to economic recovery, suggesting sub-6% rates may be far off as monetary policy discussions take a hawkish tone.
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