Mortgage Industry News
Mortgage Delinquencies Up During Q4 2025
The five states with the largest quarterly increases in their overall delinquency rate were: Mississippi (109 basis points), Louisiana (89 basis points), Maryland (87 basis points), Oklahoma (86 basis points), and Indiana (86 basis points). Continue Reading Mortgage Delinquencies Up During Q4 2025
Mortgage Rates Take a Mild Drop
The 30-year fixed-rate mortgage averaged 6.09% as of Feb. 12, down from last week when it averaged 6.11%. Continue Reading Mortgage Rates Take a Mild Drop
Robinhood Teams with Sage Home Loans on New Mortgage Offer
The new offer was first piloted during the summer to a small group of Robinhood Gold subscribers. Continue Reading Robinhood Teams with Sage Home Loans on New Mortgage Offer
Mortgage Rates Drop for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.17% as of Oct. 30. Continue Reading Mortgage Rates Drop for Fourth Straight Week
Median Monthly Housing Payment in Biggest Decline Since Last November
Redfin attributed the lower payment level to declining mortgage rates. Continue Reading Median Monthly Housing Payment in Biggest Decline Since Last November
July New Home Purchase Mortgage Applications Up 35.5%
Mortgage applications for new home purchases in July increased by 35.5% year-over-year, according to new data from the Mortgage Bankers Association (MBA). Compared to June, applications inched up by 0.2%. MBA estimated new single-family home sales were running at a...
UBS in $1.4 Billion Settlement Over RMBS Fraud Charges
“With this resolution, UBS will pay for its conduct related to its underwriting and issuance of residential mortgage-backed securities,” said U.S. Attorney Breaon Peace. Continue Reading UBS in $1.4 Billion Settlement Over RMBS Fraud Charges
Wells Fargo Launches Down Payment Grant Program
The grants are being allocated under the company’s Special Purpose Credit Program. Continue Reading Wells Fargo Launches Down Payment Grant Program
Declines Recorded in Foreclosure Activity and Mortgage Delinquencies
“Despite low delinquency rates, there are early signs of possible consumer credit stress,” said MBA’s Marina Walsh. Continue Reading Declines Recorded in Foreclosure Activity and Mortgage Delinquencies
Mortgage Rates Rise For Third Straight Week
The 30-year fixed-rate mortgage averaged 6.96% as of Aug. 10, up from last week when it averaged 6.90%. Continue Reading Mortgage Rates Rise For Third Straight Week
MBA: Mortgage Application Volume Down 3.1%
The Refinance Index fell by 4% from the previous week and was 37% lower than the same week one year ago. Continue Reading MBA: Mortgage Application Volume Down 3.1%
Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes
“Modern building codes provide stability when weather-related disasters occur,” said CoreLogic’s Tanya Havlicek. Continue Reading Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes
Mortgage Credit Availability at 10-Year Low
MBA’s Joel Kan said the decline came as “lenders pulled back on underutilized loan programs and as liquidity concerns remain for some jumbo lenders.” Continue Reading Mortgage Credit Availability at 10-Year Low
Q2 Market Share of FHA Loans at 14%
The second quarter’s percentage was the largest since the first quarter of 2021. Continue Reading Q2 Market Share of FHA Loans at 14%
Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year
Pending home sales were down 14.4% year-over-year, with declines in all but two of the metros tracked by Redfin. Continue Reading Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year
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