Mortgage News
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News for: National Mortgage News
Showing 289 - 312 of 402 results
Jul 25, 2025 11:00 AM
— Housing Market
GSEs could exit conservatorship fast, experts say
The article discusses the potential unexpected and quick exit of government-sponsored enterprises from conservatorship. It also mentions the Community Investment and Prosperity Act that could unlock billions in capital for affordable housing. Additionally, it talks about a repeal of a Biden-era fair housing policy and repositioning of Common Securitization Solutions by government-sponsored enterpr... more
Jul 25, 2025 5:00 AM
— Mortgage Lenders
Barry Habib added to Fannie Mae board
Barry Habib, CEO of MBS Highway, has been named to the Fannie Mae board. There is political pressure on the Federal Reserve chairman due to social media posts about inflation. The Treasury's need to finance growing debt is impacting monetary policy and housing costs. The 30-year fixed-rate mortgage is stable post-tariff spike. Fannie Mae and Freddie Mac are repositioning Common Securitization Solu... more
Jul 24, 2025 2:00 PM
— Mortgage Lending
Credit scores are not the issue
The article discusses FHFA Director Bill Pulte's decision to have Fannie Mae and Freddie Mac accept Vantagescore 4.0 credit scores for mortgage underwriting, sparking a debate over competition in mortgage credit scoring. The industry is caught off guard by this announcement as issues with infrastructure and policy alignment still remain. Pulte's decision is met with skepticism due to lack of detai... more
Jul 24, 2025 10:25 AM
— Mortgage Rates
Fannie Mae cuts rate forecast, raises volume outlook
Fannie Mae predicts lower mortgage rates and higher sales volume for this year and next. Rocket Companies reduces its workforce after the Redfin merger. Mr. Cooper sees profits surge in Q2 despite missing estimates.
Jul 23, 2025 10:01 AM
— Mortgage Lenders
Fannie Mae faces bias suit after mass firing over fraud
Former Fannie Mae workers are suing their former employer for discrimination after being fired over fraud allegations. Rocket Companies reduced its workforce after a merger and plans to discontinue Rocket Card. J.D. Power reported that servicers had lower customer service satisfaction scores compared to mortgage originators. Multiply Mortgage offers interest rate discounts and perks for employees ... more
Jul 22, 2025 5:01 PM
— Interest Rates
Pennymac profit jumps 79% despite hedge losses
Pennymac had a more productive second quarter but faced financial losses due to hedging results during early spring rate volatility. Multiply Mortgage is offering homebuying perks and securing lower interest rates for employees at certain companies. Four of the nation's homebuilders saw a decline in profitability due to choppy market conditions, including elevated mortgage rates.
Jul 18, 2025 12:00 PM
— Mortgage Lenders
Wells Fargo sued for not disclosing fees during loan origination
A California borrower is suing Wells Fargo for concealing over a decade that it improperly charged certain origination-related fees. The lawsuit claims that when customers accepted lower rates, the lender reduced or eliminated its originators' compensation.
Jul 18, 2025 10:00 AM
— Mortgage Lenders
FHFA's Vantagescore move changes math on mortgage insurance
The article discusses the potential adoption of VantageScore 4.0 by conforming mortgage lenders, highlighting concerns about infrastructure and policy alignment. The move introduces competition in credit scoring but also brings about challenges regarding implementation.
Jul 17, 2025 1:09 PM
— Housing Market
June sees uptick in new-home loan demand
Homebuyers were focused on purchasing newly constructed homes last month despite high mortgage rates, which is a positive sign in the housing market.
Jul 17, 2025 10:10 AM
— Mortgage Rates
Mortgage rates rise as investors react to inflation news
Mortgage rates rose this week following the latest Consumer Price Index report which decreased hopes for a Federal Open Market Committee reduction in short-term rates at its upcoming meeting. The 30-year fixed mortgage rate increased for the first time in six weeks driven by a strong jobs report and renewed tariff uncertainty. Loan originators who continued making deals last year shared their secr... more
Jul 17, 2025 3:01 AM
— Mortgage Lenders
Why FHFA may bet on CSP to reform Fannie, Freddie
Recent plans involve a jointly owned government-sponsored enterprise entity for Fannie Mae and Freddie Mac's bonds, aligning with the goals of the Trump administration. Privatizing Fannie Mae and Freddie Mac could pose risks without regulatory safeguards. Democratic senators are against efforts to privatize these mortgage finance companies.
Jul 16, 2025 11:01 AM
— Mortgage Credit Scoring
FICO challenges FHFA's VantageScore decision
The FHFA's approval of VantageScore 4.0 over FICO's rival 10T model has sparked controversy in the mortgage credit scoring industry. The Consumer Financial Protection Bureau is reviewing five rules related to credit bureaus and creditworthiness assessments. Bill Pulte, the regulator, has introduced competition for credit metrics but continues to work with three credit bureaus. He also expressed di... more
Jul 14, 2025 1:00 PM
— Housing Market
No Fed cut in July, nearly all economists surveyed say
Economists do not predict the Federal Reserve will cut rates at upcoming meetings, despite speculation. A Wells Fargo customer received compensation for float fees from over a decade ago, leading to a lawsuit. Additionally, an Indiana loan officer was sued for fraudulent originations estimated to cost over $1 million to repurchase.
Jul 14, 2025 3:00 AM
— Mortgage Lenders
Fannie, Freddie change rules for contributions, incentives
Recent updates to secondary-market rules for interested party contributions and incentives require lenders to be more cautious with popular strategies. The Department of Housing and Urban Development has withdrawn FHA mortgagee letters related to appraisals. Refinances are driving recent increases, but purchase activity is a key indicator of the housing market. Rising insurance costs and stricter ... more
Jul 13, 2025 1:24 PM
— Housing Market
KBW cuts ratings on mortgage insurers
Keefe, Bruyette & Woods downgraded stock ratings on three of the five private mortgage insurers they cover but are still relatively bullish on the segment. Mortgage rates are expected to remain elevated and stable for longer, with some industry participants viewing this as positive for the housing market. Uncertainty in the mortgage and capital markets is unprecedented this year, but some aspects ... more
Jul 11, 2025 11:11 AM
— Interest Rates
Surging rate-and-terms push lock volumes upward
Mortgage lock volumes increased due to a rise in refinance activity, while purchase numbers are still lower potentially due to high mortgage rates. The 30-year fixed mortgage rate rose for the first time in six weeks, driven by strong jobs report and tariff uncertainty. Lenders are offering more products for the spring season, but buyers are hesitant.
Jul 11, 2025 3:03 AM
— Mortgage Lending
How AI-powered scams are targeting real estate deals
The real estate industry faced a $173 million problem in 2024 due to consumers losing money to real estate fraud. Lenders expanding into HELOCs have seen an increase in fraudulent activities. There has been a jump in calls for foreclosure prevention advice and overall consumer distress levels are at a five-year high. Changes are being made to President Donald Trump's tax-cut bill, and a former fin... more
Jul 10, 2025 9:48 AM
— Mortgage Rates
Mortgage rates turn upward on strong jobs data
The article discusses how a stronger-than-expected employment report has caused an end to a streak of declining mortgage rates. The 30-year fixed rate mortgage has moved one basis point lower, remaining in the same range since mid-April. Additionally, it mentions a team of 16 joining Union Home Mortgage's Cincinnati branch with impressive closing and funding numbers, as well as the use of AI by cr... more
Jul 9, 2025 12:04 PM
— Housing Market
ARMs tripled at banks over past decade
Adjustable-rate mortgages surged this decade, increasing their share of the market at the nation's largest banks. US purchases of new homes fell in May due to affordability constraints, but improved for-sale supply is providing more options for buyers. Pending sales of existing homes also fell due to high asking prices and borrowing costs.
Jul 9, 2025 7:03 AM
— Mortgage Rates
First Time Home Buyers
More borrowers between 21 and 40 are taking advantage of historically low mortgage rates to buy their first homes or lower their monthly payments. Millennials continue to lock in the lowest average mortgage rates on record, driving lenders' business. Mortgage rates remained flat, with some areas, like Salt Lake City, experiencing increased competition in the housing market.
Jul 7, 2025 2:08 PM
— Interest Rates
NY Fed report: Return to zero rates a 'significant' risk
Market concerns remain about a return to zero interest rates despite the Federal Reserve's policy rate being far from its lowest point. Federal Reserve Banks of New York and San Francisco conducted findings on this issue. Additionally, a federal judge rejected defenses by a brokerage selling loans to United Wholesale Mortgage and Rocket Pro TPO, while government-sponsored enterprises are tightenin... more
Jul 7, 2025 1:08 PM
— Housing Market
Tariffs, jobs, rates: What's sinking buyer mood most?
Consumer homebuying sentiment decreased in June due to fears over job cuts and tariff fallout. Confidence among US homebuilders also fell in June, with potential buyers concerned about high mortgage rates and the economy. Despite this, more consumers believe that home prices will rise in the coming year.
Jul 5, 2025 3:24 PM
— Housing Market
FHA borrowers face mounting mortgage pressure
Americans are generally keeping up with their mortgage payments, but there are concerns about cracks forming beneath the surface. Consumer distress in auto and personal loans is also increasing, but mortgage growth is atypical, raising red flags for borrowers and lenders. There is uncertainty in Sunbelt markets, with property values softening, while the Northeast continues to see growth. Credit av... more
Jul 3, 2025 11:02 AM
— Housing Market
NAHB's top economist weighs tariffs, immigration, economics
Home builders are currently facing economic uncertainty due to tariff negotiations, high mortgage rates, labor shortages, and trade negotiations. However, there is a potential for stabilization in the industry with anticipated interest rate cuts and tariff certainty. The housing market is short around 1.5 million homes, creating opportunities for builders. The expansion of a low-income housing cre... more
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Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
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