Key takeaway: The current Basel III capital proposal does not explicitly include mortgage insurance as a factor in determining a loan’s risk weight, but seeks industry input on the potential benefits and drawbacks of doing so, leaving the door open to possible changes. Expert quote: “There are like 50 reasons why banks don’t want to […]
Banks question Basel omission of PMI in mortgage weights Read More »
Thursday saw a continuation of the recent trend of very low volatility for mortgage rates. The average lender’s top-tier 30yr fixed rates were perfectly unchanged from yesterday and in the same narrow range as the past 7 business days (6.29-6.33%). Despite the uneventful outcome, there was some underlying market volatility mid-day following a series of
Mortgage Rates Hold Steady For Most Lenders Read More »
Now that there are formal government-sponsored enterprise guidelines for score modernization that help fulfill a legislative mandate, the Mortgage Bankers Association’s top executive has a plan he calls a safe way for the secondary market to make the purchase of credit reports more competitive too. Processing Content With the two large mortgage buyers starting to
MBA renews press for limited single report as scores compete Read More »
Distressed housing inventory and demand moved higher in the first quarter, reflecting a “continued normalization” back closer to their pre-pandemic levels, according to a new report from Auction.com. Processing Content Completed foreclosure auctions jumped 10% from the fourth quarter of 2025 and 33% from 12 months earlier. Meanwhile, scheduled property dispositions were also up by
Distressed sales numbers show signs of market ‘normalization’ Read More »
Homeowners are increasingly engaging with the housing market this spring, as many are beginning to let go of their historically low mortgage rates. Processing Content More than a third of sellers have mortgage rates below 5%, yet still plan to list their homes this spring, according to Coldwell Banker’s 2026 Home Shopping Season Report, a
Sellers no longer deterred by lock-in effect, study finds Read More »
There’s a lot of uncertainty right now and that’s leading to some dramatic headlines. And if you’re thinking about buying a home, that can make you feel a little less sure about your decision. A recent study by CNBC asked homebuyers what they’re most worried about, and three themes kept coming up again and again:
3 Things That Are Not Going To Happen in Today’s Housing Market Read More »
Key insight: Though credit quality seems to be holding steady industry-wide, office loan problems remain a sore spot for bank investors. Supporting data: At Washington Trust, total nonperforming assets rose from $12.9 million at the end of last year to $40.4 million on March 31. Expert quote: “Washington Trust has become a show-me stock,” —
Office loan woes bite a pair of banks Read More »
Mortgage rates ended the week 7 basis points lower, as borrowers took advantage of a brief dip in the 10-year Treasury yield, Freddie Mac found. Processing Content The 30-year fixed rate mortgage averaged 6.23% as of April 23, versus 6.3% seven days prior and 6.81% for the same week last year, its Primary Mortgage Market
Mortgage rates at lowest in three spring purchase seasons Read More »
The spring housing market is doing what it typically does this time of year: inventory is rising and new listings are coming online at a faster pace. But pricing has not moved with it. That timing gap is becoming one of the most important signals for housing professionals right now. This builds on last week’s
Inventory rises as pricing lags in the spring housing market Read More »
A bipartisan group of lawmakers is advancing multiple pieces of legislation designed to strengthen retirement savings options for millions of unpaid family caregivers. Two companion bills introduced in the House and Senate would modify retirement account rules to better reflect the realities caregivers face. Under one proposal, the Improving Retirement Security for Family Caregivers Act,
Lawmakers target retirement gaps facing family caregivers Read More »