1+ day, 18+ hour ago   (804+ words) Jumbo lending credit retreated last month, pulling down overall availability of a leading home loan product index, according to the newest report from the Mortgage Bankers Association. On the ground, though, some lenders find certain large-balance transactions proceeding as usual,…...

3+ day, 12+ hour ago   (985+ words) When the third quarter is over at the end of the month, it is likely agency mortgage-backed securities issuance volume will not reach either BTIG and consensus expectations, a new report said. As borrowers shift toward home equity products, originators…...

1+ week, 3+ day ago   (292+ words) As lenders increasingly implement artificial intelligence, homebuyers are becoming more trusting of it. United Wholesale Mortgage and other lenders are responding to this information. UWM announced last week it launched a "first-of-its-kind" ChatGPT plugin that connects borrowers with independent mortgage…...

1+ week, 3+ day ago   (682+ words) The government-sponsored enterprises say they have been leaning into cost savings, some of which have been passed on to lenders and borrowers. Below, a breakdown of the specific figures behind those gains. Freddie Mac Chief Financial Officer Jim Whitlinger said…...

1+ week, 4+ day ago   (777+ words) The 10-year Treasury yield, one of the benchmarks used for pricing 30-year fixed rate mortgages, closed just shy of 4.8% on Sept. 1, its highest point since Jan. 14, 2025, according to Yahoo Finance. The bond market was already unsettled heading into Federal Reserve…...

2+ week, 4+ day ago   (765+ words) A majority of homebuilders are reporting a rise in material costs this summer, with smaller businesses likely to feel the impact of higher prices more significantly. Over 80% of companies surveyed said material prices increased in July compared to the same…...

2+ week, 5+ day ago   (637+ words) The New York Stock Exchange sent a deficiency letter to loanDepot on Friday, the company announced, stating it was in violation of minimum stock price rules. As of Aug. 20, loanDepot has not been in compliance with the requirement that its…...

2+ week, 5+ day ago   (559+ words) Two Harbors Investment says it will officially merge into CrossCountry Mortgage tomorrow, wrapping a merger saga almost two years in the making. The real estate investment trust said the deal is expected to close prior to market open tomorrow, following…...

3+ week, 1+ day ago   (414+ words) The leading mortgage trade group is downgrading its origination forecasts as rates are cutting into anticipated refinance volume. The Mortgage Bankers Association is projecting $2.147 trillion in total originations for 1- to 4-family unit properties this year, it said Friday. That's a…...

3+ week, 2+ day ago   (678+ words) A new analysis suggests homeowners could shorten the payoff time of a typical mortgage by six years if they managed to squeeze in an extra payment every 12 months. A single additional payment each year would also save a new buyer…...