Mortgage Industry News
Mortgage Rates Record the Barest of Upticks
The 30-year fixed-rate mortgage averaged 6.66% as of Aug. 27, inching up from last week when it averaged 6.65%. Continue Reading Mortgage Rates Record the Barest of Upticks
We Made Mortgage Lending Safer. Did We Make It Too Safe?
Mortgage lending is safer than it has been in decades. But as credit standards remain tight and fewer moderate-credit borrowers obtain mortgages, John G. Stevens asks whether the industry has become too good at avoiding risk. Continue Reading We Made Mortgage Lending Safer. Did We Make It Too Safe?
Mortgage Application Activity Dips by 1%
The FHA share of total applications decreased to 16.2% from 17.1% the week prior. Continue Reading Mortgage Application Activity Dips by 1%
Carrington Expands Non-QM Lending to Borrowers With FICO Scores as Low as 550
Carrington Mortgage Services expanded its Flexible Advantage non-QM program, including new options for certain eligible borrowers with FICO scores as low as 550. Continue Reading Carrington Expands Non-QM Lending to Borrowers With FICO Scores as Low as 550
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
Union Home Mortgage Acquires Origination Assets of AmeriTrust Mortgage Corp.
The financial terms of the deal were not disclosed. Continue Reading Union Home Mortgage Acquires Origination Assets of AmeriTrust Mortgage Corp.
Mortgage Rates Ratchet Higher
The 30-year fixed-rate mortgage averaged 6.55% as of July 16. Continue Reading Mortgage Rates Ratchet Higher
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
