Terry Schmidt believes she surprised the mortgage industry. Schmidt, the director and CEO of Guild Mortgage Co., was referring to the June 2025 announcement that the company would be acquired by Bayview Asset Management. The transaction officially closed in November. “Many found that this was very surprising because we’ve been independent for so long,” Schmidt […]
Mortgage M&A wave creates more mega-lenders Read More »
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit took the stage at the trade group’s IMB26 Conference in Florida to say that its members and he himself have “just been gaslit by the trade association that represents the credit bureaus.” The MBA has proposed that lenders submit a single-bureau credit pull for loans sold
MBA’s Broeksmit says credit bureau trade group “gaslit” mortgage industry Read More »
The Federal Reserve is set to wrap up what’s expected to be an uneventful two-day meeting on Wednesday. Mortgage rates remain in the low-6% range and aren’t likely to swing one way or the other as policymakers should keep benchmark rates unchanged. Mortgage News Daily reported Monday that 30-year fixed rates averaged 6.17%, down 4
Mortgage rates steady ahead of Fed’s January meeting Read More »
Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens. In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and
Trade groups push for lower FHA premiums, LLPA cuts Read More »
Housing industry participants will closely watch President Donald Trump in Davos, where he is expected to outline measures aimed at improving housing affordability. His speech is expected for Wednesday. Potential initiatives include ideas Trump has already floated on social media, such as encouraging Fannie Mae and Freddie Mac to expand their purchases of mortgage-backed securities
Trump heads to Davos with housing ideas as industry looks for concrete fixes Read More »
The Mortgage Bankers Association (MBA) on Friday announced the appointment of Jeremy Green as the trade group’s vice president of legislative affairs. In his new role, Green will focus on advocating for MBA’s policy priorities in Washington, D.C., with a primary focus on Democratic lawmakers in the U.S. Senate. “Jeremy brings to MBA a proven
MBA hires Jeremy Green as VP of legislative affairs Read More »
Loan credit availability increased from a year earlier but finished 2025 at its tightest in three months, as conforming products in particular took a notable dive, according to the Mortgage Bankers Association. Processing Content Across-the-board pullbacks, led the MBA’s mortgage credit availability index to drop 2.6% in December to a reading of 104.7 from November’s
Mortgage credit slips from peak as conforming products retreat Read More »
The Mortgage Bankers Association is starting 2026 with a major leadership appointment, appointing an experienced accounting executive to chief financial officer. Processing Content The industry trade group welcomed Alexandra Brinton to the role of vice president, chief financial officer. With a background working for a variety of trade and nonprofit organizations, she will be responsible
MBA welcomes Alexandra Brinton as chief financial officer Read More »
Mortgage applications decreased 5.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Dec. 19, 2025. On an unadjusted basis, the index decreased 6% compared with the previous week. The refinance index decreased 6% from the previous week and was 110% higher than
Mortgage applications fall 5% despite rate decline Read More »
Economic growth is expected to slow in 2026 and remain below trend for several years as higher interest rates and lingering inflation pressures weigh on the U.S. economy, according to the Mortgage Bankers Association’s December Economic and Mortgage Finance forecasts. MBA economists Mike Fratantoni, Joel Kan and Judie Ricks wrote that the forecasts show 2025
MBA 2026 forecast: Slow growth amid inflation, rate hikes Read More »