The 30-year fixed rate mortgage is ending 2025 at its lowest point for the year, but still in the same flat range it occupied since late October, according to Freddie Mac. Processing Content The rate for this mortgage averaged 6.15% on Dec. 31, down from last week when it was at 6.18%, the Freddie Mac […]
Conforming mortgage rate ends year at low point Read More »
Following the enforcement action against now ex-CEO Patrick Terrance Donlon, Yield Solutions Group has assumed full operational control of Trusted American Mortgage, the companies said in a press release. Processing Content The two companies share an address in Centennial, Colorado. YSG has a nationwide presence in the auto lending industry. Donlon resigned as CEO of
Control shift at mortgage broker hit by enforcement action Read More »
While the first few years of the mortgage industry’s relationship with artificial intelligence have been characterized by new gadgets and fear of missing out, 2026’s themes might center on how companies manage to catch up with its game-changing potential. Processing Content If or when they do, the industry should start to see standardization and scalability
Why 2026 could be the year mortgage AI delivers Read More »
National home-price growth is slowing as 2025 comes to an end, while economists anticipate affordability to improve in the new year, multiple reports found. Processing Content The Federal Housing Finance Agency’s index increased 0.4% in October on a seasonally-adjusted monthly basis and 1.7% from a year ago. Prices jumped 1.3% monthly and 1.4% annually on
Home-price appreciation slows toward end of year Read More »
A federal judge has barred eight former Union Home Mortgage employees from originating loans in their local cities, a win for the lender in an ongoing lawsuit. Processing Content The multichannel lender sued its ex-branch managers and loan officers this year after they moved to American Pacific Mortgage in January. The plaintiff firm accused its
LOs hit with temporary bans in Union Home Mortgage case Read More »
Scott Turner, U.S. secretary of Housing and Urban Development.Aaron Schwartz/Bloomberg The beleaguered 50-year mortgage is one of many housing initiatives under consideration for the new year, according to a Trump administration official, and that has industry experts reiterating some suggestions for things to look into before committing to it. Processing Content The reactions come in
HUD says 50-year still on table, industry eyes challenges Read More »
Mr. Cooper is laying off more than 100 California employees, the latest reduction in force following its recent acquisition by Rocket. Processing Content The company, which now operates as a fully owned unit of Rocket Cos., notified state officials of the intent to permanently eliminate 102 positions in a Worker Adjustment and Retraining Notification Act
Mr. Cooper eliminates more than 100 positions in California Read More »
As the mortgage industry bounced back to relative normalcy, the industry’s biggest brands and most notable names piqued the interest of National Mortgage News readers. Falling rates and improved affordability shaped the market this year, but the Trump administration captured readers’ attention. Here are the most-read stories from National Mortgage News over the past year.
The most-read mortgage news stories of 2025 Read More »
While consumer affordability when it comes to purchasing a home improved during 2025 compared with a 2022 peak, costs are significantly higher than prior to the pandemic, a pair of metrics show. Processing Content It took a U.S. household seven years to save for a typical down payment on a home, an improvement from 12
Down-payment savings time has dropped dramatically from 2022 Read More »
Houses stand in this aerial photograph taken near Mountain View, California, U.S., on Wednesday, Oct. 23, 2019. Facebook Inc. is following other tech titans like Microsoft Corp. and Google, pledging to use its deep pockets to ease the affordable housing shortage in West Coast cities. The social media giant said that it would commit $1
Housing market favoring buyers, but prices still tick up Read More »