Prepayment speeds increased last month on the back of falling interest rates, but seriously delinquent loan volumes also rose the highest amount since June 2022, and the most since June 2018 when excluding the immediate effect of COVID-19. Processing Content The national delinquency rate ticked up seven basis points to 3.72% last month, as the […]
Seriously delinquent loans hit highest level since 2022 Read More »
Buyers have significantly more negotiating power than sellers in the housing market today, resulting in a record amount of home-sale cancellations, a new industry report found. Processing Content More than 42,000, or 13.7%, of home-sale agreements in the United States fell through last month, according to a Redfin report. That’s the highest February share in
Home sales cancelled at record rate as buyers hold power Read More »
Despite mortgage rates reaching nearly 4-year lows last month, the gap between sellers and buyers in the housing market grew to its largest size on record. Processing Content There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a new Redfin report. That is the
Sellers outnumber buyers by record margin in February Read More »
Affordability pressures continue to reshape purchase demand, particularly in coastal and climate-exposed markets. Borrower hesitation in high-cost regions no longer stems from rate volatility alone, as insurance premiums, property taxes, and total cost-of-ownership calculations now drive measurable pauses in decision-making. Processing Content Lenders operating in high-cost metros report longer decision cycles, increased prequalification fallout, and
Borrower hesitation in high-cost regions Read More »
With mortgage rates expected to hover near current levels for much of 2026, lenders shouldn’t count on rate drops to drive originations growth — and a panel of leading economists at Intercontinental Exchange’s ICE Experience conference in Las Vegas this week made clear where volume will actually come from. Processing Content “We’re essentially back in
Forget rate drops — here’s where mortgage volume will come from Read More »
There was less interest in buying a newly constructed home last month, as macroeconomic uncertainty squashed a recent market rally. Processing Content New home purchase applications for February were up 0.9% from the same time last year, but down 1% from January, the Mortgage Bankers Association reported Thursday. The tepid Builder Application Survey results follow
Fewer buyers are interested in newly built homes Read More »
Younger Americans continue to see their share of the country’s real estate wealth shrink, while the oldest Americans have seen their portion grow, new industry data shows. Processing Content Americans 70 years or older held 26% of the United States’ $48 trillion in real estate wealth in the third quarter of last year, slightly less
Oldest Americans’ share of real estate wealth at record high Read More »
Mortgage industry professionals have raised some concerns amid the broader praise for President Trump’s executive order signed Friday, which aims to loosen mortgage lending regulations. Processing Content Many of the rules the EO looks to unwind were put into effect by the Dodd-Frank Act, passed in the wake of the Great Financial Crisis and the
Mortgage deregulation: praise and peril from Trump’s EO Read More »
As home price appreciation continues to slow, home equity decreased again in the fourth quarter, completing a full year of annual declines. Processing Content Borrower equity fell $78.8 billion, or 0.5%, year over year, according to Cotality’s Home Equity Report for the fourth quarter of 2025. That was an average decrease of $8,500 per borrower,
Home equity dips $78.8B as appreciation weakens Read More »
The Senate this morning passed a version of the 21st Century ROAD to Housing Act, earning generally positive reviews from the mortgage industry, though some trade groups raised concerns about what the bill includes and what needs to be changed. Processing Content Passage of the bill was overwhelming with 89 votes in favor to just
Mortgage groups split after Senate passes housing bill Read More »