May continues to be a more volatile month than the bulk of April when it comes to day over day mortgage rate movement. While the average day has seen that volatility play out in favor of higher rates, today was thankfully the opposite. Yesterday’s latest levels left the average lender at 6 week highs with […]
Mortgage Rates Move Moderately Lower Read More »
CrossCountry Mortgage is sweetening its deal for Two Harbors as it continues to best United Wholesale Mortgage’s offer. Processing Content The retail player Thursday said TWO stockholders will receive a pro-rated dividend for the quarter in which CrossCountry’s acquisition closes, subject to funds being legally available. The move would provide additional cash value of up
CrossCountry ups TWO offer in bidding war with UWM Read More »
Foreclosures fell in April compared with March, but still posted an annual gain for the 14th straight month, Attom reported Thursday. Processing Content Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, were reported on 42,430 properties in the United States last month, down 8% from the month prior but up 18% from
Foreclosure filings up 18% from a year ago Read More »
The surge in delinquencies on Federal Housing Administration-insured loans transitioning away from pandemic leniencies drove dramatic divergence in the performance of different product types, according to the Mortgage Bankers Association. Processing Content A large 126 basis-point annual increase in FHA delinquencies to 11.88% pushed the total seasonally-adjusted rate for arrears for all loans up 40
FHA spike drives delinquency spread to widest point in years Read More »
Key insight: Large institutional investors would still be able to buy single-family homes under a House-drafted housing bill that dropped a ban that had been included in the Senate version of the bill. What’s at stake: Lawmakers argued that restricting big-money investors would inadvertently stifle new home building and construction. Forward look: Bankers remain wary
House reworks institutional investor ban in housing bill Read More »
Freddie Mac reported rates edging downward this week, diverging from Treasurys, as a hot inflation report brought with it higher bond yields and signs of rising housing market pessimism. Processing Content The 30-year fixed rate came in one basis point lower, according to Freddie Mac’s Primary Mortgage Market survey of May 14, averaging 6.36%. Rates
Freddie Mac: 30-year rate dips despite hot inflation report Read More »
Rocket Mortgage is suing United Wholesale Mortgage for $100 million in damages, over the rival’s alleged refinancing of loans it sold to Mr. Cooper. Processing Content The breach of contract complaint filed Thursday in a New York state court is the first lawsuit between the industry leaders. Rocket points to past promotions and comments by
Rocket sues UWM for $100 million in Mr. Cooper MSR fight Read More »
The title insurance business is reliant on mortgage application activity to drive its results. The Mortgage Bankers Association’s April forecast reported an over 100,000 decline in unit volume of mortgage originations between the fourth and first quarters, from 1.57 million to 1.46 million. Processing Content Still for the four largest title underwriting families, the first
Fidelity, First American, Stewart, Old Republic report 1Q results Read More »
Artificial intelligence and changes in reporting rules are disrupting traditional appraisal operations in 2026, and tech providers are moving in with new solutions. Processing Content These changes come as housing affordability grabs the spotlight during the current Trump administration, with the president himself even chiming in this year on how the appraisal industry should find
AI disruption, UAD 3.6 rules bring upgrades to appraisal tech Read More »
Most sellers come into the market with one number in mind. And it’s often the one that costs them the most. That’s their asking price. A survey from Realtor.com shows about 8 in 10 (80%) of sellers expect to sell at or above their asking price today. But here’s where things get interesting. In reality,
The Pricing Mistake That Could Cost You Your Sale Read More »