It’s been a volatile spring when it comes to mortgage demand for new homes. Processing Content Applications for loans on newly built homes in April fell on both a monthly and annual basis, the Mortgage Bankers Association reported Tuesday. Lingering economic uncertainty and higher rates reversed a large uptick in such demand in March, and […]
Mortgage demand for new homes dives in latest swing Read More »
Wells Fargo will fund a new $100 million mortgage borrower assistance fund, following a federal judge’s final approval of a large settlement agreement. Processing Content U.S. District Judge Trina Thompson OK’ed the terms last week, which resolved some longstanding claims regarding the bank’s alleged discriminatory hiring and lending practices. The agreement also includes a $10
Judge OKs Wells Fargo’s $100 million mortgage borrower fund Read More »
Panorama Mortgage Group, parent company of several lenders focused on affordable homeownership, is rebranding itself to unite multiple brands under one name, it announced Monday. Processing Content All of the Las Vegas-based company’s channels, including Alterra Home Loans and Travisa Financial, will go by SimplyPMG, which more accurately reflects the company’s mission to guide borrowers
Panorama Mortgage Group unifies channels under new name Read More »
From left: David Battany, Todd Leddon and Chris Bennett Loan product rollouts are often viewed as origination efforts, but capital markets teams that work to do things like ensure such efforts have appropriate investor support can make a difference in how well they go too. Processing Content “The secondary market is absolutely essential,” Bob Broeksmit,
How cap markets teams make a difference in product rollouts 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 »
Three mortgage companies are expanding their third-party origination footprints in different ways. Processing Content Achieve is starting a correspondent channel to help market its fixed-rate home equity line of credit product. Nectar Kalajian has joined the company to head up this effort, Achieve Pro, as the managing director of Achieve Home Loans. Among Kalajian’s past
HELOC players expand correspondent, TPO offerings Read More »
Current interest rate levels are unlikely to budge until 2028 at the earliest, remaining within the same 10 basis point range for the next 18 months, according to a newly revised outlook from Fannie Mae. Processing Content The government-sponsored enterprise projects the 30-year fixed rate to average 6.3% in each of this year’s remaining quarters
Fannie Mae raises mortgage rate forecast through 2027 Read More »
Independent mortgage bankers achieved origination profitability for the fourth consecutive period in the first quarter, but at the same time, costs increased as well, the Mortgage Bankers Association said. Processing Content IMBs and bank mortgage subsidiaries reported an average pretax net production profit of $727 per loan, compared with a net production profit of $674
IMBs stay profitable, but costs climb in Q1 Read More »
A November 2025 National Association of Realtors profile of Home Buyers and Home Sellers concluded that “the typical age of first-time buyers climbed to an all-time high of 40 years.” and “The share of first-time home buyers dropped to a record low of 21%.” Processing Content The President recently issued two Executive Orders [EO on
CHLA calls for ‘moon shot’ to boost Gen Z homeownership Read More »
Freddie Mac reported rates edging downward this week, diverging from Treasurys, as a hot inflation report brought with it higher bond yields and signs of rising housing market pessimism. Processing Content The 30-year fixed rate came in one basis point lower, according to Freddie Mac’s Primary Mortgage Market survey of May 14, averaging 6.36%. Rates
Freddie Mac: 30-year rate dips despite hot inflation report Read More »