Mortgage Industry News
More Borrowers Can Qualify for a Mortgage. That Doesn’t Make the House Affordable
Non-QM lending is giving more borrowers a path to financing. That can be good for housing, but qualifying for a mortgage and being able to afford the home are two different things. Continue Reading More Borrowers Can Qualify for a Mortgage. That Doesn’t Make the House Affordable
Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
Real REMAX is ending sales of new Motto Mortgage franchises just days after completing its combination, signaling an early change in the new company’s mortgage strategy. Continue Reading Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
AI and automated valuation tools are taking a larger role in mortgage lending. The technology can improve speed and efficiency, but borrowers need a practical way to address a valuation when the underlying property information or result is wrong. Continue Reading AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
Mortgage Rates Record the Barest of Upticks
The 30-year fixed-rate mortgage averaged 6.66% as of Aug. 27, inching up from last week when it averaged 6.65%. Continue Reading Mortgage Rates Record the Barest of Upticks
We Made Mortgage Lending Safer. Did We Make It Too Safe?
Mortgage lending is safer than it has been in decades. But as credit standards remain tight and fewer moderate-credit borrowers obtain mortgages, John G. Stevens asks whether the industry has become too good at avoiding risk. Continue Reading We Made Mortgage Lending Safer. Did We Make It Too Safe?
NEXA Lending Acquires UMortgage in Major Mortgage Broker Deal
NEXA Lending is acquiring UMortgage in a deal that brings Anthony Casa into NEXA’s leadership and combines two prominent companies in the independent mortgage broker channel. Continue Reading NEXA Lending Acquires UMortgage in Major Mortgage Broker Deal
Knock Expands Bridge Loan Product to Texas
Texas is the latest expansion for Knock, which is now available in 32 states and the District of Columbia. Continue Reading Knock Expands Bridge Loan Product to Texas
Mortgage Rates Down for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.65% as of Aug. 20, down from last week when it averaged 6.67%. Continue Reading Mortgage Rates Down for Second Straight Week
New Home Purchase Mortgage Applications Down in July
The average loan size for new homes decreased from $375,218 in June to $374,438 in July. Continue Reading New Home Purchase Mortgage Applications Down in July
Mortgage Application Activity Holds Steady
The refinance share of mortgage activity increased to 41.9% of total applications from 40.7% in the previous week. Continue Reading Mortgage Application Activity Holds Steady
Lynn Beckstead, Former President of SecurityNational Mortgage, Dies at 72
In 1993, the insurance company Security National recruited Beckstead to launch a new mortgage division. Continue Reading Lynn Beckstead, Former President of SecurityNational Mortgage, Dies at 72
Ginnie Mae’s MBS Issuance Totaled $53.1 Billion in July
Last month’s issuance grew the agency’s MBS portfolio outstanding grew to $2.99 trillion. Continue Reading Ginnie Mae’s MBS Issuance Totaled $53.1 Billion in July
Mortgage Rates Decline Slightly
The 30-year fixed-rate mortgage averaged 6.67% as of Aug. 13, down from last week when it averaged 6.69%. Continue Reading Mortgage Rates Decline Slightly
Multifamily Lending Volume Up 32% Year-Over-Year in 2025
The top five multifamily lenders in 2025 by dollar volume were JPMorgan Chase & Co., Wells Fargo, Walker & Dunlop, Berkadia, and CBRE. Continue Reading Multifamily Lending Volume Up 32% Year-Over-Year in 2025
Mortgage Delinquency Rate Down Slightly in Q2
“Some loans are continuing to move to later stages of delinquency,” said MBA’s Marina Walsh. Continue Reading Mortgage Delinquency Rate Down Slightly in Q2
