Mortgage Industry News
Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement
The lawsuit accused UWM chief executive Mat Ishbia of using foul language to proclaim his hatred for Rocket. Continue Reading Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement
Mortgage Rates Dip While Delinquency Levels Rise
The 30-year fixed-rate mortgage averaged 6.36% as of May 14. Continue Reading Mortgage Rates Dip While Delinquency Levels Rise
Mortgage Applications for New Home Purchases at 14-Year High
“Government applications, which include FHA, VA, and USDA/RHS loans, accounted for more than half of applications received,” said MBA’s Joe Kan. Continue Reading Mortgage Applications for New Home Purchases at 14-Year High
National Mortgage Bankers Promotes Yasser Valdes Herrera to President of Americasa Mortgage Platform
Herrera first joined the company in 2022 as a loan officer before being promoted to producing sales manager. Continue Reading National Mortgage Bankers Promotes Yasser Valdes Herrera to President of Americasa Mortgage Platform
Mortgage Credit Availability Improved in March
“Credit availability increased modestly in March to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved in March
Mortgage Applications for New Home Purchases Inch Up by 1% from Last Year
The average loan size for new homes increased from $372,745 in July to $374,288 in August. Continue Reading Mortgage Applications for New Home Purchases Inch Up by 1% from Last Year
MBA Chief Argues Against Fannie-Freddie Merger
“Competition between Fannie Mae and Freddie Mac has been central to their success in providing liquidity and stability to the mortgage market,” Broeksmit explained. Continue Reading MBA Chief Argues Against Fannie-Freddie Merger
Commercial Mortgage Delinquencies Up During Q2
“The delinquency rate for commercial mortgages increased in the second quarter of 2025 across most major capital sources,” said MBA’s Reggie Booker. Continue Reading Commercial Mortgage Delinquencies Up During Q2
Michigan Credit Union Offers Mortgages at 4.99% Rate
Michigan Legacy has more than $218 million in assets and is designated as a “low-income credit union.” Continue Reading Michigan Credit Union Offers Mortgages at 4.99% Rate
Study: Canadians Re-Evaluating Their Relationships with Lenders
56% of mortgage holders say they will explore refinancing with a different lender when it comes time to renew. Continue Reading Study: Canadians Re-Evaluating Their Relationships with Lenders
Mortgage Rates Drop to 11-Month Low
The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 11. Continue Reading Mortgage Rates Drop to 11-Month Low
Mortgage Credit Availability Inched Up During August
“Mortgage credit availability increased slightly in August, driven by a small increase in ARM product offerings, which was similar to what we saw in July,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inched Up During August
Mortgage Application Activity Up 9.2%
The seasonally adjusted Purchase Index increased 7% from one week earlier but the unadjusted index retreated by 6%. Continue Reading Mortgage Application Activity Up 9.2%
Housing Is Not a Game — It’s the American Dream
For far too long, housing has been reduced to a prop in America’s political theater. It’s the backdrop for campaign rallies, the bullet point slipped into glossy mailers, the soundbite dropped to score applause. But behind every hollow promise, real families are...
Report: 3 Trump Cabinet Members Have 2 Mortgaged Properties with Both Claimed as Primary Residences
“This is just another hit piece from a left-wing dark money group that constantly attempts to smear President Trump’s incredible Cabinet members,” said a White House spokesperson. Continue Reading Report: 3 Trump Cabinet Members Have 2 Mortgaged Properties with Both Claimed as Primary Residences
Recent Posts
Q2 Texas Home Prices Held Steady- New York State’s Median Home Sales Price Hits Record High
- Union Home Mortgage Acquires Origination Assets of AmeriTrust Mortgage Corp…
- Canada Allocates $133 Million to 294-Unit Housing Project for Toronto’…
- Zillow: Housing Deficit Could Shrink 6% if Homes Were Built on its Empty Lo…
