Mortgage Industry News
Mortgage Delinquency Rate Inches Up to 3.72%
A total of 35,000 foreclosure starts were recorded last month, down 16% from January but up 7% from February 2025. Continue Reading Mortgage Delinquency Rate Inches Up to 3.72%
Sen. Hawley Begins Investigation into FICO’s Mortgage Credit Score Pricing
“An 88% operating margin and a compound annual growth rate of 100% in per-score pricing over five years are not hallmarks of a competitive market,” the senator said. Continue Reading Sen. Hawley Begins Investigation into FICO’s Mortgage Credit Score Pricing
Lawsuit Accuses Rocket Companies of Mortgage Steering
The lawsuit claims the company “exploited the vulnerability of home buyers for profit.” Continue Reading Lawsuit Accuses Rocket Companies of Mortgage Steering
National Mortgage Delinquency Rate Dropped to 3.68%
Late-stage delinquencies (90+ day) increased by 30,000 to reach the highest level in nearly three years. Continue Reading National Mortgage Delinquency Rate Dropped to 3.68%
Report: FHFA’s Pulte Quietly Changed GSE Portfolio Limits to Aid Trump’s $200 Billion Mortgage Bond Purchase
“This is just a smoke screen for Trump and Bill Pulte to tweet about,” said Sen. Elizabeth Warren. Continue Reading Report: FHFA’s Pulte Quietly Changed GSE Portfolio Limits to Aid Trump’s $200 Billion Mortgage Bond Purchase
Union Home Mortgage Acquires Nations Reliable Lending
The financial terms of the deal were not disclosed. Continue Reading Union Home Mortgage Acquires Nations Reliable Lending
Bank7 Acquires First American Mortgage
First American Mortgage has operated since 1993 and facilitated over $3 billion in funding. Continue Reading Bank7 Acquires First American Mortgage
Mortgage Rates Decline Again
The 30-year fixed-rate mortgage averaged 6.76% as of Feb. 27. Continue Reading Mortgage Rates Decline Again
Q4 Lending Down While Refinance Activity Rises
Lenders issued $568 billion worth of residential mortgages in the fourth quarter. Continue Reading Q4 Lending Down While Refinance Activity Rises
Mortgage Application Activity Slows Down
The Refinance Index decreased 4% from the previous week and was 45% higher than the same week one year ago. Continue Reading Mortgage Application Activity Slows Down
New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays
The average loan size for new homes increased from $400,930 in December to $403,416 in January. Continue Reading New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays
Mortgage Rates Inch Lower
The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20. Continue Reading Mortgage Rates Inch Lower
Mortgage Application Activity and Forbearance Levels Go in Decline
The MBA reported the total number of loans now in forbearance decreased to 0.40% as of Jan. 31. Continue Reading Mortgage Application Activity and Forbearance Levels Go in Decline
Rocket Mortgage Debuts Program Offering Closing Cost Credits to Renters
Homebuyers with a Rocket mortgage earn 10% back on the last 12 months of rental payments Continue Reading Rocket Mortgage Debuts Program Offering Closing Cost Credits to Renters
Mortgage Rates in Further Decline
The 30-year fixed-rate mortgage averaged 6.87% as of Feb. 13. Continue Reading Mortgage Rates in Further Decline
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