Mortgage Industry News
Warsh Says Housing Is Strained, but Inflation Still Comes First at the Fed
Fed Chairman Kevin Warsh acknowledged housing-market strain at Jackson Hole but made clear that persistent inflation — not housing weakness — is driving the Fed’s policy focus. Continue Reading Warsh Says Housing Is Strained, but Inflation Still Comes First at the Fed
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
Homebuyer Affordability Improved Slightly in July
he national median mortgage payment for conventional loan applicants was $2,184. Continue Reading Homebuyer Affordability Improved Slightly in July
Federal Agencies Rescind Special Purpose Credit Program Guidance
The agencies said creditors should no longer rely on the statement or related issuances going forward and emphasized that lenders may not discriminate against borrowers based on characteristics prohibited by law. Continue Reading Federal Agencies Rescind Special Purpose Credit Program Guidance
Mortgage Lending Changed. The Federal Home Loan Bank System Hasn’t Kept Up
Independent mortgage banks now originate a substantial share of American home loans but remain ineligible for Federal Home Loan Bank membership. Is a 94-year-old membership structure still right for today’s mortgage market? Continue Reading Mortgage Lending Changed. The Federal Home Loan Bank System Hasn’t Kept Up
Mortgage Application Activity Perks Up
The Refinance Index increased 5% from the previous week, but it was also 22% lower than the same week one year ago. Continue Reading Mortgage Application Activity Perks Up
Mortgage Credit Availability Improved During July
“Credit availability in June increased to its highest level since July 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved During July
Mortgage Holder Equity at Record-High $18 Trillion
Approximately 813,000 borrowers are underwater — up 44% year-over-year. Continue Reading Mortgage Holder Equity at Record-High $18 Trillion
TPG Mortgage Investment Trust Acquires Cherry Hill Mortgage Investment Corp. for $117.5 Million
The combined company will have a $9 billion residential mortgage portfolio and will operate as TPG Mortgage Investment Trust. Continue Reading TPG Mortgage Investment Trust Acquires Cherry Hill Mortgage Investment Corp. for $117.5 Million
New Bill Seeks to Establish Portable Mortgages
Rep. Tom Kean Jr. (R-NJ) has put forth the Making Ownership Viable for Everyone (MOVE) Act. Continue Reading New Bill Seeks to Establish Portable Mortgages
Q2 Commercial/Multifamily Borrowing Up 16%
The sole sector where originations declined was healthcare properties, which recorded a 19% year-over-year drop. Continue Reading Q2 Commercial/Multifamily Borrowing Up 16%
Mortgage Rates Rise for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.69% as of Aug. 6, up from last week when it averaged 6.66%. Continue Reading Mortgage Rates Rise for Fifth Straight Week
Mortgage Application Fraud Risk Trended Higher in Q2
Cotality highlighted an increase in alerts related to borrowers purchasing a property in a state they have never lived in. Continue Reading Mortgage Application Fraud Risk Trended Higher in Q2
Linkhome Holdings Rebrands Mortgage One as Linkhome Lending
Linkhome Lending plans to broaden its commercial financing capabilities by supporting the financing needs of AI infrastructure projects, including data centers. Continue Reading Linkhome Holdings Rebrands Mortgage One as Linkhome Lending
Mortgage Application Activity Ended July with a Whimper
The FHA share of total applications increased to 17.3% from 16.9% the week prior. Continue Reading Mortgage Application Activity Ended July with a Whimper
