Mortgage News
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News for: National Mortgage News
Showing 337 - 360 of 402 results
Jun 11, 2025 6:03 AM
— Mortgage Lenders
Trigger leads bill advances on Capitol Hill
Lawmakers are working on a bill to protect the privacy of mortgage applicants nationwide, despite opposition from the Trump administration to roll back fair lending requirements. The bill will need to be reconciled between the House and Senate before reaching President Trump. The Consumer Financial Protection Bureau is requesting a review of five rules by the White House budget office. The mortgag... more
Jun 10, 2025 12:09 PM
— Mortgage Rates
Mortgage credit offerings at loosest in over two years
Mortgage credit has become the loosest in over two-and-a-half years due to increased loan products in anticipation of the annual home purchase season. The average 30-year fixed-rate mortgage rose slightly to 6.86% last week, and there is a growing supply of unsold inventory putting pressure on prices.
Jun 10, 2025 8:00 AM
— Mortgage Lending
How DOGE could shrink federal housing spending
The Trump Administration is finding that cutting costs at HUD and FHFA is more complex than expected. An obstacle to finding savings is that credit costs are understated due to rising home prices. One potential area of savings is returning defaulted assets to the private sector. The article discusses conflicts between HUD and Ginnie Mae issuers in terms of repayment rules during foreclosures. Addi... more
Jun 9, 2025 10:00 AM
— Housing Market
Home purchase sentiment rises after tariff pause
Despite increasing mortgage rates and economic volatility, the outlook among home buyers and sellers improved, with more consumers believing the market is better than in 2024. Fannie Mae's latest mortgage outlook for 2025 and 2026 is positive due to increases in gross domestic product and home sales expectations.
Jun 9, 2025 3:40 AM
— Mortgage Lending
Ginnie Mae lifts buydown limit for custom pools
Ginnie Mae plans to exempt custom pools from a restriction, making it easier for mortgage companies to sell single-family loans with interest-rate buydowns. The top five banks had a combined wholesale volume of over $18 billion at the end of the first quarter. A federal housing official is taking action on credit score costs. Panelists at a conference credit investors for strengthening non-QM port... more
Jun 7, 2025 4:51 AM
— Mortgage Industry Regulations
If the CFPB axes the LO comp rule, what happens?
The Consumer Financial Protection Bureau under the Trump administration is considering revisions and possible rescission of rules in the mortgage industry. As lenders expand into HELOCs, fraudulent activity is increasing. The economy shows signs of weakening based on latest employment statistics. For-sale supply is improving, giving buyers more options and keeping price pressures soft.
Jun 6, 2025 7:00 AM
— Mortgage Rates
Jobs numbers dash hopes for rate cut, mortgage hiring rises
May's slightly stronger employment data led to a little increase in payrolls, reducing hopes for further decline in rates. Industry representatives suggest changes to requirements to aid moderate-sized companies. Home equity volume increased with homeowners opting for loans instead of buying new houses due to rising mortgage rates.
Jun 6, 2025 6:00 AM
— Mortgage Lending
Low credit scores in non-QM verge on 10% default rate
A study by Kroll Bond Rating Agency shows that the performance of nonqualified mortgages has varied by segment but has resulted in relatively few credit losses over the past decade. Pricing on 30-year fixed rate mortgages dropped slightly, while legal and compliance issues were the top cause for application defects during the fourth quarter. Some mortgage companies were able to offset origination ... more
Jun 5, 2025 10:17 AM
— Mortgage Rates
Mortgage rates move lower for first time in four weeks
Mortgage rates have decreased for the first time in four weeks as the 10-year Treasury yield had a volatile week. Economic news, including a GDP contraction, contributed to this trend. The 30-year fixed rate mortgage is currently 14 basis points lower than it was last year. Loan originators discuss their success in maintaining deals amid market fluctuations.
Jun 4, 2025 1:24 PM
— Home Equity Loans
Closed-end seconds lead overall home equity loan growth
The TransUnion report found that closed-end home equity loan annual growth outpaced its line of credit cousin in the fourth quarter. Homeowners can borrow $50,000 and pay around $100 less per month compared to last year. More homeowners are opting for HELOCs, but there is a knowledge gap regarding its use. Wall Street is seeing an increase in home equity loans as buying new homes become more diffi... more
Jun 2, 2025 4:00 AM
— Home Equity Loans
Home equity lending is flourishing as HELOC rates fall
Home equity lending has become increasingly popular due to rising home prices and mortgage rates close to 7%. More homeowners are considering taking out a HELOC, but there is still a lack of understanding surrounding its uses. The housing market is shifting towards favoring homebuyers, with younger clients entering the market with government-backed loans. Interest rate volatility has led to increa... more
May 29, 2025 1:01 PM
— Mortgage Rates
Monthly mortgage payments on the rise, but not for long
Homebuyers in the current Spring season are facing larger monthly payments, but relief may be on the way. Mortgage rates have increased since April and the Purchase Application Payment Index has dropped. Yields on the 10-year Treasury are climbing due to various factors, and pending sales of homes have increased thanks to a brief dip in mortgage rates.
May 29, 2025 10:14 AM
— Mortgage Rates
Mortgage rates rise again to highest level since February
Mortgage rates have increased for the third week in a row, reaching their highest point since February. Despite some economic news and political developments affecting Treasury yields, the 30-year fixed rate mortgage saw some decrease in pricing.
May 29, 2025 5:00 AM
— Mortgage Lenders
What Trump's latest GSE comments could mean for mortgages
Experts are discussing the future of mortgage rates and guarantee fees in light of mixed messaging from the Trump administration regarding the future of Fannie Mae and Freddie Mac. President Trump mentioned the government retaining guarantees and an oversight role over the mortgage giants while pursuing a public offering. Additionally, there are discussions on restructuring the government-sponsore... more
May 28, 2025 3:00 PM
— Interest Rates
Tariff fears drive April auto, mortgage borrowing
Consumers are turning towards big-ticket items due to anticipated impact of tariffs, but overall borrowing levels show a more discerning attitude towards borrowing. The interest rate environment is leading to higher refinance mortgage volume than previously expected for 2025 and 2026. Trump announced that the US government will retain guarantees and oversight over Fannie Mae and Freddie Mac while ... more
May 28, 2025 10:02 AM
— Mortgage Fraud
Fannie Mae partners with Palantir to weed out fraud
Fannie Mae, an influential government-related mortgage investor, is partnering with Palantir, a company involved in artificial intelligence for financial services to fight against fraud. Despite interest rate volatility, prepayment rates have increased to levels last seen in October.
May 27, 2025 3:01 AM
— Mortgage Lenders
Guild Mortgage, Bayview Asset explore servicing M&A
Publicly traded lender Guild Mortgage, Bayview Asset Management, and a servicing-related affiliate are in talks about a potential deal. Mortgage servicing rights owners are facing additional stress due to the shrinking size of typical bulk MSR deals trading. Guild Mortgage reported a net loss in the January-March period. Fitch predicts that large nonbank lenders are positioned to gain share in the... more
May 26, 2025 6:01 AM
— Housing Market
How President Trump can monetize the GSEs
During the MBA Secondary & Capital Markets event, FHFA Director Bill Pulte mentioned that he believed valuations for Fannie Mae and Freddie Mac were too low and releasing the GSEs from conservatorship is a decision for the President of the United States.
May 23, 2025 7:01 AM
— Mortgage Rates
Mortgage rates keep rising, influenced by DC developments
The 30-year fixed rate mortgage increased slightly but remains under 7%. Mortgage delinquencies rose in March. Economic news, political developments, and the FOMC meeting caused fluctuations in rates but ultimately they remained steady.
May 23, 2025 3:01 AM
— Housing Market
Home sales cancelled at near-record pace in April
Home sales transactions were cancelled at a near-record rate in April, likely due to uncertainty fueled by President Trump's tariff announcement. Pending sales of previously owned US homes fell last month by the most since 2022, attributed to high asking prices and borrowing costs. However, pending sales rose in March thanks to a dip in mortgage rates. Price cutting by home sellers in March was at... more
May 22, 2025 12:02 PM
— Housing Market
State Farm's added California rate hike request gets pushback
State Farm is seeking a higher homeowners rate increase in California. Pending sales of previously owned US homes increased in March due to a brief dip in mortgage rates and rising supply of houses. Mortgage delinquency rates improved overall but the share of borrowers late by 90 days or more increased due to deteriorating FHA credit quality. The average 30-year fixed rate mortgage rose this week,... more
May 22, 2025 5:00 AM
— Mortgage Rates
Mortgage rates will go below 6% next year, Fannie says
Fannie Mae is predicting mortgage rates to fall below 6% by the second quarter of 2026. The interest rate environment is expected to result in higher refinance mortgage volume in 2025 and 2026. The top five lenders have had a high mortgage origination volume, and there have been discussions around GSE reform and tax bill debates affecting yields on the 10-year Treasury.
May 20, 2025 3:01 AM
— Mortgage Lenders
Mortgage brokers say FHA changes, inventory are key hurdles
Mortgage brokers are tired of the focus on elevated interest rates, as they believe other factors like changes in policy at the Federal Housing Administration are impacting their business more. The Federal Housing Finance Agency chief discussed an alternate agency name and the impact of explicit guarantees for Fannie Mae and Freddie Mac on agency MBS. Foreclosure rates rose across all loan types a... more
May 20, 2025 3:01 AM
— Mortgage Lenders
Rocket, Mr. Cooper merger: HMDA data reveals market impact
Rocket Mortgage is acquiring Mr. Cooper in a deal that could potentially impact mortgage production. While Mr. Cooper's servicing strength may help Rocket compete with its rivals, the acquisition alone may not immediately change Rocket's ranking. Regulatory approvals are expected in 2025 for the acquisition. Other topics mentioned include the Consumer Financial Protection Bureau's rule rescission ... 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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