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Fannie expands ARM and renovation lending

Fannie expands ARM and renovation lending

LOAN PRODUCTS, Secondary markets /

Contractors repair the roof of a damaged home following a tornado in Earlington, Kentucky. Photographer:Luke Sharrett/Bloomberg Fannie Mae is broadening the parameters of its financing for adjustable-rate mortgage, renovation, manufactured housing and accessory dwelling units. Processing Content Fannie will no longer reject adjustable-rate mortgages in cases where the difference between the initial and fully-indexed rate of […]

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Lower rates drive best November lock activity in years

LOAN PRODUCTS, Mortgage Rates, Originations, Secondary markets, Underwriting /

Optimal Blue’s Market Volume Index, which tracks mortgage rate lock activity, fell below 100 in November for the first time since August, reflecting typical seasonal trends. Processing Content Still, aided by lower interest rates in the second half of the year, November marked the strongest reading for this metric since 2021, strong by any measure,

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Hometap’s new funding caps a big year for HEI growth

Hometap’s new funding caps a big year for HEI growth

Home equity loans, Industry News, LOAN PRODUCTS, Venture Capital /

Shared-appreciation contract provider Hometap announced a new capital raise this week, which comes at the end of a year when several tailwinds helped fuel growth for equity investment products and loans.   The Boston-based home equity investment platform this week secured $50 million in new funding led by affiliates of Gallatin Point Capital. The company plans

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ARM, refi products widen credit access

LOAN PRODUCTS, Mortgage Rates, Originations, Underwriting /

Mortgage credit availability ended November at its loosest since August 2022, driven by additions of adjustable rate and cash-out refinance products to lenders’ menu, the Mortgage Bankers Association said. The 0.7% month-to-month rise in the Mortgage Credit Availability Index continues a streak which for every month in 2025 except January it was above the 100

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Rocket, Rithm and Dynex are BTIG’s favorite mortgage stocks

Earnings, LOAN PRODUCTS, Mortgage technology, Originations, Stocks, The Great American Mortgage Corporation /

Rithm, Rocket and Dynex are BTIG’s favorite mortgage stocks heading into 2026 following a strong year for the industry’s publicly traded companies in general, driven by an accommodative Federal Reserve policy. That allowed industry stocks to rebound after the “Liberation Day” tariff announcements in April. “We expect earnings and stock valuations across the mortgage sector

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Industry pushes new HMBS to fix aging reverse loans

LOAN PRODUCTS, Originations, Secondary markets, Securitization, Underwriting /

A new type of reverse mortgage security needs to be created to accommodate Home Equity Conversion Mortgages that have reached the 98% maximum claim amount, a pair of industry organizations said in their respective responses to a government request for information. The RFI from the Federal Housing Administration and Ginnie Mae — along with their

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IMBs gain on sale is up, profitability isn’t

Earnings, LOAN PRODUCTS, Originations, Secondary markets /

While gain on sale margins for mortgage lenders were at least stable, if not improved, in the third quarter compared to prior periods, that did not necessarily translate to improved profitability, separate reports from Morningstar DBRS and Boston Consulting Group revealed. The Morningstar report looked only at independent mortgage bankers, and the group it pulled

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U.S. Federal Housing raises 2026 conforming limits over 3%

Home Prices, Housing markets, LOAN PRODUCTS, Originations, Secondary markets, Underwriting /

U.S. Federal Housing is boosting the conforming loan limits by 3.26% for 2026 based on the annual change in home prices using an expanded data set. The new limit of $832,750, is an increase of $26,250 from the 2025 limit of $806,500. The high-cost ceiling for one-unit properties will be $1,249,125, which is 150% of

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MBA objects to credit report price hike, wants single pull

Credit scores, LOAN PRODUCTS, Originations, Risk management, Secondary markets, Underwriting /

The mortgage industry is up in arms about price increases for credit score pulls. “By now, half the mortgage industry has seen the proposed increases for accessing consumer credit,” a LinkedIn post from NFM Lending Managing Director Greg Sher said. “It’s anywhere from 40-100% – this is on the heels of 700% increases over the

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Today’s investor property loan opportunity for lenders

Housing markets, International banking, LOAN PRODUCTS, Originations, Underwriting /

Foreign buyers and local investors continue to play a critical role in the U.S. housing market, pushing ahead with purchases and refinances despite rising costs, shifting politics, and slower returns. For mortgage lenders, these buyers represent a growing business opportunity. Investor ownership of residential real estate has long been a contentious topic, with some blaming

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