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 »
While AI implementation can be a daunting task, acting thoughtfully and intentionally will set businesses up for maximum value, leading executives of leading AI software companies said during a panel at the ICE Experience conference in Las Vegas on Wednesday. Processing Content “It’s not just where we’re at today, it’s your roadmaps — how everybody
Anthropic, Google on maximizing mortgage AI Read More »
The Federal Housing Finance Agency and the government-sponsored enterprises have opened up some new insurance options for borrowers, departing from a strict coverage mandate for single-family homes. Processing Content Fannie Mae, Freddie Mac and the agency also known as US Federal Housing, partially relented on “replacement cost only” rules. Roofs no longer need to be
FHFA loosens insurance rules targeting condos, rural loans Read More »
While President Trump’s executive order promoting increased access to mortgage credit makes prominent mention of digital loans and remote online notarization, the practical effect might be limited. Processing Content RON is already allowed in 48 states and the District of Columbia; though some of those still only have temporary authorization in place. However, even with
Trump push on RON faces real-world limits Read More »
Even with the surprisingly strong fourth quarter for origination volume, net production profits at nonbank lenders were down about 44% from the period ended Sept. 30, 2025, the Mortgage Bankers Association found. Processing Content Still, the industry has been profitable three quarters in a row. It follows a run where IMBs averaged losses 10 out
IMB profits drop sharply even as volume surges in Q4 Read More »
A former Rocket Mortgage employee is accusing the company of creating a hostile workplace and violating the American with Disabilities Act due to her medical conditions, according to a new discrimination lawsuit. Processing Content In legal documents filed in Michigan federal district court in March, the former employee, Ashley Isberg, said company leaders intentionally derailed
Rocket sees new allegations of ADA violations Read More »
While noting the upside to President Trump’s new executive order to expand home lending among community financial institutions, the Mortgage Bankers Association’s top executive added a note of caution, saying benefits won’t appear immediately. Processing Content In a wide-ranging interview at Intercontinental Exchange’s ICE Experience 2026 conference in Las Vegas on Tuesday, MBA President and
CFPB cuts dull impact of Trump’s latest order, MBA exec says Read More »
The Federal Housing Finance Agency’s latest performance review plan emphasizes interest in having more power to review Fannie Mae and Freddie Mac’s business partners. Processing Content “Currently, US Federal Housing does not have statutory authority to oversee third-party service providers. These third-party relationships can potentially pose risks,” the agency — which Director Bill Pulte alternately
FHFA plan renews its effort to grow counterparty oversight Read More »
Oksenholt Capital Management, an investor in Fannie Mae and Freddie Mac’s stock, is echoing earlier calls by billionaire Bill Ackman for the government-sponsored enterprises’ shares to be moved back to a major exchange. Processing Content “In my view, the time has come for Fannie Mae and Freddie Mac to return to a major public exchange
Major GSE investor echoes Ackman’s call for Fannie, Freddie uplisting 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 »