Top Headlines
Federal Judge Orders HUD to Resume Fair Housing Grant Funding to Nonprofits
District Judge Sparkle L. Sooknanan, a Biden appointee, gave HUD an Aug. 4 deadline to report how it planned to meet its fiscal year obligations on FHIP grant distribution. Continue Reading Federal Judge Orders HUD to Resume Fair Housing Grant Funding to Nonprofits
A Phil Hall Op-Ed: 10 Questions for FHFA’s Bill Pulte
GSE reform, credit scoring policy and conflicts of interest are discussed. Continue Reading A Phil Hall Op-Ed: 10 Questions for FHFA’s Bill Pulte
Ward Morrison to Retire as Chief Executive at Motto Mortgage and Wemlo
Adam Sartin, vice president of franchise growth and development, will lead the brands on an interim basis. Continue Reading Ward Morrison to Retire as Chief Executive at Motto Mortgage and Wemlo
The Appraisal Institute Faces Whistleblower Lawsuit Over Alleged Fraud in Exam Results
Alissa Akins is seeking back pay, punitive damages and attorney’s fees. Continue Reading The Appraisal Institute Faces Whistleblower Lawsuit Over Alleged Fraud in Exam Results
Oralia Herrera Installed as NAHREP’s 2025 National President
She is broker/owner at Century 21 TK Realty in Addison, Illinois Continue Reading Oralia Herrera Installed as NAHREP’s 2025 National President
Mortgage Rates Take Another Tumble
The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16. Continue Reading Mortgage Rates Take Another Tumble
New Home Purchase Mortgage Applications Up 2% in September
The average loan size for new homes increased from $374,288 in August to $379,107 in September. Continue Reading New Home Purchase Mortgage Applications Up 2% in September
Mortgage Application Activity Slows Again
The FHA share of total applications increased to 20.5% from 18.5% the week prior while the VA share of total applications dropped to 14.9% from 16.3%. Continue Reading Mortgage Application Activity Slows Again
UWM and Bilt Partner on Rewards Program for Mortgage Payments
“This platform helps brokers win new, high-intent, leads from Bilt’s ecosystem,” said UWM’s Mat Ishbia. Continue Reading UWM and Bilt Partner on Rewards Program for Mortgage Payments
Experian Offers Free VantageScore 4.0 to Mortgage Lenders
“Experian is dedicated to fostering a more competitive mortgage landscape,” said CEO Brian Cassin. Continue Reading Experian Offers Free VantageScore 4.0 to Mortgage Lenders
PHH Mortgage Debuts FlexIQ Suite of Non-QM Products
FlexIQ will replace PHH’s previously offered Gold/Silver/Bronze non-QM programs. Continue Reading PHH Mortgage Debuts FlexIQ Suite of Non-QM Products
Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
“This launch underscores our commitment to supporting the non-QM ecosystem,” said Tom Hutchens, president of Angel Oak Mortgage Solutions. Continue Reading Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
Mortgage Rates Go Into Decline
The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9. Continue Reading Mortgage Rates Go Into Decline
Mortgage Credit Availability Edged Up in September
“Mortgage credit availability increased to its highest level in four months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Edged Up in September
Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August
In August, total US consumer debt totaled $17.91 trillion, up 2.1% year-over-year. Continue Reading Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August
