Mortgage Industry News
HUD Updates 14 FHA Policies in Move to Improve Affordability
“Every unnecessary regulation comes with a cost, and too often homebuyers pay the price,” said HUD Secretary Scott Turner. Continue Reading HUD Updates 14 FHA Policies in Move to Improve Affordability
Q1 Commercial/Multifamily Mortgage Debt Increased by $26.3 Billion
Multifamily mortgage debt alone increased $23 billion (1.0%) to $2.32 trillion. Continue Reading Q1 Commercial/Multifamily Mortgage Debt Increased by $26.3 Billion
Mortgage Rates Are Back on the Rise
The 30-year fixed-rate mortgage averaged 6.52% as of June 11. Continue Reading Mortgage Rates Are Back on the Rise
Jeffrey Weidell Named 2027 Vice Chairman for the Mortgage Bankers Association
Weidell will be installed at MBA’s 113th Annual Convention and Expo in Chicago this October. Continue Reading Jeffrey Weidell Named 2027 Vice Chairman for the Mortgage Bankers Association
Buyers Paying More in Mortgage Interest Than Their Home Costs
Choosing a 15-year mortgage at today’s 5.87% rate would save $250,378 over a 30-year loan. Continue Reading Buyers Paying More in Mortgage Interest Than Their Home Costs
Mortgage Application Activity Declines Amid Slowdown in Refinancing
The FHA share of total applications decreased to 17.2% from 17.9% the week prior. Continue Reading Mortgage Application Activity Declines Amid Slowdown in Refinancing
Mortgage Delinquency Rate Held Steady in April
Mortgage prepayments, measured as the single month mortality rate, fell 13% as rates moved higher. Continue Reading Mortgage Delinquency Rate Held Steady in April
Wells Fargo to Provide Financing for Icon’s 3D Printed Homes
Wells Fargo’s support could provide a boost for the 3D printed home market, which has traditionally struggled to obtain mortgage financing. Continue Reading Wells Fargo to Provide Financing for Icon’s 3D Printed Homes
Mortgage Rates Rise to 9-Month High
The 30-year fixed-rate mortgage averaged 6.51% as of May 21. Continue Reading Mortgage Rates Rise to 9-Month High
Southern Land Company Launches In-House Mortgage Division
SLC Lending will initially launch in core markets where the parent company has established master-planned and single-family home communities. Continue Reading Southern Land Company Launches In-House Mortgage Division
Mortgage Application Activity Dips by 2.3%
“Almost 10% of applications were for ARM loans, the highest share since October 2025, as borrowers sought loan types with lower rates,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Dips by 2.3%
Mortgage Applications for New Home Purchases Declined in April
The average loan size for new homes decreased from $381,938 in March to $378,384 in April. Continue Reading Mortgage Applications for New Home Purchases Declined in April
Ginnie Mae’s MBS Portfolio Reached Nearly $3 Trillion in April
The agency said the pooling and securitization of loans in April benefited more than 160,000 households, including over 58,000 first-time homebuyers. Continue Reading Ginnie Mae’s MBS Portfolio Reached Nearly $3 Trillion in April
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
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