Mortgage Industry News
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
Ginnie Mae’s MBS Issuance Totaled $53.1 Billion in July
Last month’s issuance grew the agency’s MBS portfolio outstanding grew to $2.99 trillion. Continue Reading Ginnie Mae’s MBS Issuance Totaled $53.1 Billion in July
Mortgage Rates Decline Slightly
The 30-year fixed-rate mortgage averaged 6.67% as of Aug. 13, down from last week when it averaged 6.69%. Continue Reading Mortgage Rates Decline Slightly
Multifamily Lending Volume Up 32% Year-Over-Year in 2025
The top five multifamily lenders in 2025 by dollar volume were JPMorgan Chase & Co., Wells Fargo, Walker & Dunlop, Berkadia, and CBRE. Continue Reading Multifamily Lending Volume Up 32% Year-Over-Year in 2025
Mortgage Rates Down Slightly
The 30-year fixed-rate mortgage averaged 6.48% as of June 4, down from last week when it averaged 6.53%. Continue Reading Mortgage Rates Down Slightly
Better and Coinbase Announce First Fannie Mae-Backed Mortgage Involving Bitcoin
The companies gave no details on the depth and scope of the mortgage. Continue Reading Better and Coinbase Announce First Fannie Mae-Backed Mortgage Involving Bitcoin
Mortgage Application Activity Declines by 2.5%
The FHA share of total applications dipped to 17.0% from 17.2% the week prior. Continue Reading Mortgage Application Activity Declines by 2.5%
REIT Executive Indicted for Misrepresenting Income on Mortgage Application
If convicted, Brandon “Dutch” Mendenhall faces a maximum penalty of 20 years in federal prison. Continue Reading REIT Executive Indicted for Misrepresenting Income on Mortgage Application
New ICE Fraud Monitor Aims to Reduce Risk in Underwriting
The new tool is integrated directly with Encompass, ICE’s loan origination system (LOS), to centralize fraud risk scoring and property risk data in a user-friendly dashboard. Continue Reading New ICE Fraud Monitor Aims to Reduce Risk in Underwriting
Mortgage Rates Tick Up Again
The 30-year fixed-rate mortgage averaged 6.53% as of May 28, up from last week when it averaged 6.51%, which marked a nine-month high. Continue Reading Mortgage Rates Tick Up Again
Q1 Purchase Loan Origination at 12-Year Low
Refinancing activity fell 7% quarter-over-quarter to 715,818 loans, although volumes were also 24% above the first quarter of 2025. Continue Reading Q1 Purchase Loan Origination at 12-Year Low
Report: 29% of Homebuyers Made All-Cash Purchases
All-cash purchasing was less prevalent in the pricey West Coast markets. Continue Reading Report: 29% of Homebuyers Made All-Cash Purchases
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
