The share of primary mortgages on properties that also have second liens is currently in the double digits, reflecting growth in home equity lending that’s increasingly relevant to agency mortgage-backed securities investors. Processing Content Approximately 16% of active first liens are on homes that also have seconds on them, representing a total outstanding balance of […]
Second liens appear on 16% of U.S. mortgages Read More »
A lack of buyers in the market has pushed a near-record share of homeowners to rent out their properties, industry data shows. Processing Content Units owned by “accidental landlords” accounted for 2.3% of the listed rental stock in October, according to research from Zillow. That’s more than any share in Zillow’s nearly six-year record, outside
Slow home sales are creating accidental landlords Read More »
A new look at the country’s most at-risk housing markets finds Florida and California leading all states in the number of counties vulnerable to declines. Processing Content Florida communities made up 16 out of the “leading” 50 markets on the list, according to the latest housing risk report from real estate intelligence platform Attom. The
These housing markets face the greatest risk of decline Read More »
Radian Group will be shutting its mortgage conduit rather than trying to find a buyer for the business, the company confirmed. Processing Content The story originally appeared in HousingWire. “Radian ceased accepting new business for Radian Mortgage Capital early last week and is in the process of thoughtfully winding down the business over the coming
Radian shuts mortgage conduit instead of selling Read More »
Online searches for “can’t sell house” just hit an all-time high according to Google Trends. So, if your house has been sitting on the market without any bites, you’re not the only one. But it’s also not the end of the road. Homes are selling every day, so you can turn this around. You just
If Your House Isn’t Getting Offers, Read This. Read More »
Whether it involves bundt cakes, backpacks or bicycles, community service is a tradition of the mortgage industry, turning opportunities for good publicity into components of effective business strategy. Processing Content Volunteering and other forms of charitable work are a common theme running through 2026’s list of best mortgage companies to work for, regardless of a
Why mortgage firms are making charity a business strategy Read More »
US mortgage rates increased last week by the most since September, a setback for a housing market that had been enjoying easing financing costs this year. Processing Content The contract rate on a 30-year mortgage rose 10 basis points to 6.19% in the week ended March 6, according to Mortgage Bankers Association data released Wednesday.
Mortgage rates climb to 6.19% in biggest gain since September Read More »
Finance of America posted another net loss in the fourth quarter, but saw significant profit increases for 2025 as a whole. Processing Content The reverse mortgage company reported a $21 million loss from continuing operations in the fourth quarter, a $7-million improvement from the previous quarter, FOA revealed on an earnings call Tuesday. On an
FOA reports another loss in Q4, still profits in 2025 Read More »
Today’s mortgage rates are lower when compared to yesterday’s average prior to 4pm ET. Later in the afternoon, multiple lenders announced improvements as the bond market rallied in response to geopolitical headlines. If we use those later, lower rates as a baseline, today’s average is roughly unchanged. There were no major economic reports today–not that
Mortgage Rates Sideways to Slightly Lower Read More »
One day after announcing plans to reenter the wholesale lending business, LoanDepot said the move reflects its expectation that refinance activity will drive origination growth across multiple channels. Processing Content “Getting back into wholesale, which is a business that we were in previously, is going to allow us to achieve greater scale,” said CEO Anthony
LoanDepot bets on refi wave with wholesale return Read More »