Mortgage Industry News
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
loanDepot Gets NYSE Deficiency Notice as Shares Fall Below $1 Threshold
loanDepot received an NYSE continued-listing deficiency notice after its average share price fell below the exchange’s $1 minimum threshold. Continue Reading loanDepot Gets NYSE Deficiency Notice as Shares Fall Below $1 Threshold
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
New Home Mortgage Applications Up 2.4% From One Year Ago
The average loan size for new homes increased from $372,825 in May to $375,218 in June. Continue Reading New Home Mortgage Applications Up 2.4% From One Year Ago
Declines Recorded for Mortgage Application Activity and Mortgage Credit Availability
“Mortgage credit availability decreased in June to its lowest level since December 2025,” said Joel Kan, MBA’s vice president and deputy chief economist. Continue Reading Declines Recorded for Mortgage Application Activity and Mortgage Credit Availability
Ginnie Mae Mortgage-Backed Securities Portfolio Reached $2.97 Trillion in June
Year to date, Ginnie Mae facilitated the pooling and securitization of 339,562 first-time homebuyer loans. Continue Reading Ginnie Mae Mortgage-Backed Securities Portfolio Reached $2.97 Trillion in June
Mortgage Rates Creep Up Slightly
The 30-year fixed-rate mortgage averaged 6.49% as of July 9. Continue Reading Mortgage Rates Creep Up Slightly
Mortgage Application Activity Slows Down Again
The FHA share of total applications decreased to 16.4% from 16.9% the week prior. Continue Reading Mortgage Application Activity Slows Down Again
Atlantic Home Mortgage Debuts Lendtrain, a Refinance-Focused Platform
“Most homeowners do not need a sales call just to find out whether a refinance is worth exploring,” said Tony Davis, founder of Lendtrain. Continue Reading Atlantic Home Mortgage Debuts Lendtrain, a Refinance-Focused Platform
Report: 1 in 5 Homebuyers Are Gen Z
This youthful generation represents nearly one-third of all first-time homebuyer loans and 27% of FHA purchase lending. Continue Reading Report: 1 in 5 Homebuyers Are Gen Z
Mortgage Rates Take a Mild Tumble
The 30-year fixed-rate mortgage averaged 6.43% as of July 2, down from last week when it averaged 6.49%. Continue Reading Mortgage Rates Take a Mild Tumble
Mike Kortas Launches evoLend as Start-Up Mortgage Servicing Company
Tammy Richards, chief strategy officer at NEXA, has been named CEO of evoLend, which will operate as an independent company. Continue Reading Mike Kortas Launches evoLend as Start-Up Mortgage Servicing Company
Mortgage Application Activity Records Slight Uptick
The FHA share of total applications decreased to 16.9% from 17.9% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
