Mortgage rates enter the Memorial Day weekend at levels not seen since last Labor Day with the bond market in a tizzy this past week. Processing Content News over inflation and the Iran conflict influenced investors and as a result, the 10-year Treasury reached its highest point in 52 weeks. For the week of May […]
Mortgage rates surge to 9-month high amid market turmoil Read More »
The near-term impact of inflation has the Mortgage Bankers Association warning of potential setbacks to growth and a 2027 federal rate hike, but lenders should still see volumes increase this year, it said on Sunday. Processing Content Originations will grow approximately 6% year-over-year in 2026 on a dollar-volume basis, with the trade group presenting baseline
MBA adjust forecasts for a 2027 federal rate hike Read More »
Foreclosures fell in April compared with March, but still posted an annual gain for the 14th straight month, Attom reported Thursday. Processing Content Foreclosure filings, which include default notices, scheduled auctions and bank repossessions, were reported on 42,430 properties in the United States last month, down 8% from the month prior but up 18% from
Foreclosure filings up 18% from a year ago Read More »
Frost Bank’s mortgage unit generated $595 million in outstanding loans in 2025, surpassing what its leaders had initially expected when the San Antonio-based bank re-entered home lending two years earlier. Processing Content “If you look at why we exited, we just weren’t able to deliver that product in a relationship way that we did everything
Why banks are betting on mortgages again Read More »
Fannie Mae has reported a jump in its retained portfolio size that investment professionals at Rithm have recently noted is the largest seen since the Great Financial Crisis. Processing Content The government-sponsored enterprise retained a combination of loans and mortgage-backed securities totaling nearly $168.74 billion in March, up considerably from the previous month’s $150.39 billion.
Fannie Mae’s portfolio surge is the biggest in over a decade Read More »
Analysts have largely forecast political inaction on an additional public offering for Fannie Mae and Freddie Mac until after the midterms, and one recently said odds are the wait could be longer. Processing Content Mizuho initiated coverage of both government-sponsored enterprises with a $10 price target for Fannie and $9 for Freddie. It forecasts two
Fannie, Freddie investors risk ‘zero earnings’ through ’33 Read More »
More mortgage firms are suing their counterparties over buyback demands. Processing Content In the past six months, several lenders and servicers have sued origination partners over repurchases, for funds experts say they may never recoup. Although the latest federal complaints are small in number, they’re ticking up again after a small wave of the complaints
Lenders are taking more repurchase demands to court Read More »
Half of all mortgage lending is dominated by just a handful of lenders, with 2025 trends showing improving business conditions, but a still-uneven recovery from the housing slowdown earlier this decade. Processing Content The top five lenders produced a little more than 20% of total loan volume last year based on both unit and dollar
Largest lenders generate 20% of total mortgage volume 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 »