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Author name: Ricky Vasquez

FHA spike drives delinquency spread to widest point in years

Distressed, Foreclosures, Servicing /

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 […]

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House reworks institutional investor ban in housing bill

Community banking, Housing, Politics and policy, Regulation and compliance /

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

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Freddie Mac: 30-year rate dips despite hot inflation report

Industry News, Mortgage Rates, Originations /

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

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Rocket sues UWM for $100 million in Mr. Cooper MSR fight

Law and legal issues, Servicing /

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

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Fidelity, First American, Stewart, Old Republic report 1Q results

Earnings, M&A, MARKETING TO BORROWERS, Originations, Title insurance, Underwriting /

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

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AI disruption, UAD 3.6 rules bring upgrades to appraisal tech

AI disruption, UAD 3.6 rules bring upgrades to appraisal tech

Appraisals, M&A, Mortgage technology /

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

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Household debt at a high, risks lurk beneath stable arrears

Credit, Distressed, Servicing /

Household debt inched up to another record high in the first quarter even though nonmortgage-related debt drifted lower with a seasonal decrease in credit card balances due in part to tax refunds. Processing Content Housing finance obligations rose, driving total debt up by $18 billion to $18.8 trillion during the period, according to an analysis

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Senate confirms Kevin Warsh as Federal Reserve chair

Federal Reserve, Monetary policy, Politics and policy, Regulation and compliance, Trump administration /

Key insight: The Senate confirmed Kevin Warsh as Fed chair in a largely party-line 54 to 45 vote.  What’s at stake: Warsh has pledged to keep monetary policy independent despite sustained pressure from President Donald Trump for lower interest rates.  Forward look: Warsh takes the helm of the Fed as inflation metrics continue to climb,

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