Mortgage rates ended their three-week slide, with the 30-year fixed moving 7 basis points higher as a primary benchmark for pricing loans remained elevated. Processing Content For the first time in a month, the 10-year Treasury yield moved over 4.4% on April 29. Other than that late March rise, the last time it was this […]
Mortgage rates rise on Iran standoff, FOMC meeting news Read More »
Intercontinental Exchange had more green shoots in its mortgage technology business to start the year, including a sizable gain in transaction revenue. Processing Content The ubiquitous software provider reported mortgage segment revenue of $539 million for the first quarter, building on the 3-year high it posted in the prior reporting period. Within that business, ICE
ICE sees transaction revenue surge in mortgage unit Read More »
You may have heard April 12-18 was the “best week” to list your house. That’s based on a report from Realtor.com. But now that it’s passed, you may be wondering if you missed your moment. Here’s the good news – you didn’t. Because the reality is, there isn’t just one perfect week to sell your
Is Late May the Best Time To List Your House? Read More »
Portfolio growth, a release of credit reserves and strong refinancing activity drove Freddie Mac’s first-quarter earnings up 27% from a year earlier. Processing Content Freddie earned $3.6 billion on a net basis, up from $2.8 billion the previous quarter and a year earlier. It acquired $43 billion in single-family refinances and $60 in purchase loans
Freddie Mac earnings surge on net interest income, credit release Read More »
Total debt-to-income ratios have risen beyond prepandemic levels and the trend is particularly pronounced for nonprime in the current K-shaped economy, according to a new TransUnion study. Processing Content While DTIs are below caps in the 28/36 rule corresponding to some mortgage lenders’ front- and back-end ratio limits, the increases — along with higher utilization
K-shaped economy amplifies rise in nonprime DTI ratios Read More »
Lenders are drawing up new game plans, or preparing to, now that Fannie Mae, Freddie Mac and the Housing and Urban Development have committed to adding modernized credit scores as alternatives to Classic FICO. Processing Content NewRez, a division of Rithm Capital, completed a test sale of $10 million in loans to Freddie Mac using
Lenders test new Fannie Mae, Freddie Mac, FHA scores Read More »
For the fifth time in the past six years, the National Mortgage News Top Producers Survey results are headed up by a loan originator who produced over $1 billion. Processing Content Shant Banosian, president of Rate, did over $1.03 billion during 2025, with Mark Cohen of Cohen Financial just behind at $933 million. Furthermore, 29
2026’s Top Producers: numbers 50-1 Read More »
Mortgage rates jumped higher today at the fastest pace in weeks to the highest levels since March 30th. There were two key motivations for the increase, but one accounted for a vast majority of the damage. News came out overnight that spoke to the possibility of a prolonged blockade of the Strait of Hormuz. Markets
Mortgage Rates Surge Higher as US Considers a Longer Blockade Read More »
A lunch meeting between once bitter adversaries turned into a business agreement that few in the mortgage industry saw coming this week. Processing Content Now aligned on the same side, United Wholesale Mortgage CEO Mat Ishbia and longtime Rocket executive Mike Fawaz raised eyebrows with their eye-opening new alliance that provides a big boost and
UWM’s Ishbia talks surprise partnership with past Rocket foe Read More »
Key insight: Federal Reserve Chair Jerome Powell said that he would remain at the Fed board after his term as chair expires next month in order to ensure that the central bank can continue to conduct monetary policy independently. Expert quote: “I worry that these attacks are battering the institution and putting at risk the
Powell plays his last card as Fed chair Read More »