Mortgage News
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News for: National Mortgage News
Showing 361 - 384 of 405 results
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
May 19, 2025 3:01 PM
— Mortgage Lenders
FHFA's Pulte defers to a higher authority on conservatorship
Bill Pulte, the director of the Federal Housing Finance Agency, has made significant changes during his tenure, from altering the boards of Fannie Mae and Freddie Mac to prioritizing fraud prevention initiatives. He has not provided any hints about the potential exit of Fannie Mae and Freddie Mac from conservatorship, leaving that decision to President Trump.
May 19, 2025 11:01 AM
— Interest Rates
Lenders feel better, not exuberant, about housing market
The Mortgage Bankers Association forecasts slightly lower volume for 2025, with a 14% increase in the number of units produced. The interest rate environment is volatile, resulting in higher refinance mortgage volume. The 30-year fixed-rate mortgage rose slightly to 6.86%, but remained under 7% for the 17th consecutive week.
May 17, 2025 5:03 AM
— Mortgage Lenders
Mortgage profits near break-even, but costs still climb
The mortgage industry's comeback was hindered by diminished loan volume and increased production costs, leading to unprofitable lending at nonbanks in the first quarter. Despite challenges, independent mortgage bankers made $443 on every loan originated in 2024. United Wholesale Mortgage had a successful first quarter, while a San Diego-based lender reported a net loss. Foreclosure rates rose afte... more
May 17, 2025 4:01 AM
— Mortgage Rates
Pulte wants Freddie AU savings passed on to consumers
Freddie Mac has made enhancements to its Loan Product Advisor automated underwriting system and is urging lenders to pass on the cost savings to consumers. The Federal Housing Finance Agency Director Bill Pulte has made various initiatives and changes, including a fee-based resolution for certain loan flaws and renaming the agency. Freddie Mac reported a slight drop in mortgage rates, but some mea... more
May 15, 2025 10:01 AM
— Mortgage Rates
Inflation news helps to push mortgage rates higher
The 30-year fixed rate mortgage remained under 7% for the 17th consecutive week but increased 5 basis points due to volatile bond markets over the U.S. economy. Economic news caused pricing on the mortgage to retreat, and the rate is currently in the 6.6% range.
May 15, 2025 4:00 AM
— Mortgage Lenders
Loan defect share improved even as mortgage rates rose in 4Q
The article discusses the quality of closed mortgage applications in the fourth quarter of last year, with critical defects falling to the second lowest level on record. Mortgage rates were volatile during this time, with the 30-year fixed rate reaching 6.91% by the end of the year. The article mentions that typically, the number of defects in mortgage applications increases when rates rise. Howev... more
May 14, 2025 8:00 AM
— Mortgage Applications
Mortgage applications rise 1.1% as rates stabilize
Mortgage applications have increased slightly, with purchase applications up 2.3% and refinance activity 44% higher than last year. Mortgage rates for most types of mortgages have risen slightly, with the average 30-year fixed-rate mortgage at 6.86%. Borrowers are increasingly turning to government-backed loans, such as FHA and VA loans. Adjustable-rate mortgages also saw an increase in applicatio... more
May 13, 2025 2:12 PM
— Housing Market
What rate lock activity means for the Spring purchase market
The article discusses April's increase in rate lock activity, which supports optimistic views on the Spring housing market. Purchase locks were up compared to the previous month, but down compared to the previous year. Refinance volume was lower compared to March, likely due to a volatile rate environment. Mortgage rates for FHA loans were at 6.44%, while jumbo loans were at 6.84%. Conforming mort... more
May 13, 2025 8:00 AM
— Housing Market
Title underwriters stay profitable in difficult Q1
The housing market is showing signs of improvement in early April. First American Financial fired its CEO following an incident on a cruise ship. There is a mixed bag of results in the second quarter impacted by President Trump's tariff announcements. Title insurers have a strong connection to the mortgage originations market. Dream Finders Homes closed on the purchase of Alliant National Title. B... more
May 13, 2025 5:02 AM
— Mortgage Lenders
20 lenders with the most VA loans in 2024
The article discusses the top five lenders with the most VA loans in 2024, their average loan amounts, and total loan amounts. It also mentions the combined HELOC volume, second-lien loan volume, and unpaid principal balance of the top five banks at the end of December 2024. Additionally, it highlights United Wholesale Mortgage's leadership in total origination volume compared to Rocket Mortgage a... more
May 13, 2025 4:00 AM
— Mortgage Lenders
Wells Fargo sued for denying borrower COVID-19 loss mit
The article discusses a lawsuit filed by a North Carolina resident against Wells Fargo for denying her COVID-19 loss mitigation options, resulting in the forced short sale of her home. The plaintiff claims the bank's negligence cost her the house, equity, and a worsened credit score. Wells Fargo has apologized and offered mediation, but declined to comment on the pending litigation. The article al... more
May 13, 2025 4:00 AM
— Mortgage Fraud
Feds accuse Trump adversary Letitia James of loan fraud
The article discusses a federal grand jury investigation into New York Attorney General Letitia James regarding allegations of mortgage fraud. The investigation, led by the Department of Justice and the FBI, focuses on accusations made by Federal Housing Finance Agency Director Bill Pulte, claiming that James falsified documents in Virginia and New York State. If proven true, James could face civi... more
May 12, 2025 2:27 PM
— Interest Rates
Most economists expect rate cuts after July: Wolters Kluwer
Economists predict that the Federal Open Market Committee will reduce short-term rates in 2025, with a consensus average of a 60 basis point reduction. The report found that mortgage rates have increased, with the 30-year fixed rate at 6.97%. The survey also showed concerns about the impact of tariffs on the economy and potential inflation. While short-term rates do not directly impact mortgage ra... more
May 9, 2025 1:00 PM
— Mortgage Lenders
Blend announces plans to offload Title365
Blend Labs is selling its title insurance unit as it shifts to a software-first approach. The company introduces a new division for independent mortgage banks and positions its Tinman platform as a competitor in the industry.
May 9, 2025 7:00 AM
— Home Equity Loans
To get HELOC borrowers, lenders must offer education
The article highlights the increasing interest among homeowners in accessing their property's equity through home equity loans. However, there is still a lack of knowledge among consumers about the potential use cases for these loans, with concerns around high interest rates, risking homeownership, and repayment terms. Financial institutions are encouraged to educate consumers on the benefits of h... more
May 8, 2025 9:50 AM
— Mortgage Rates
Mortgage rates defy expectations amid key economic events
Mortgage rates remained stable this week, with the 30-year fixed rate averaging 6.76%. The 15-year fixed rate decreased slightly to 5.89%. Despite some movement in rates due to economic reports and the FOMC meeting, rates ended up where they started. Home buyers should be aware that any unexpected news could cause quick changes in mortgage rates. Mortgage applications increased by 11% last week in... more
May 7, 2025 2:16 PM
— Mortgage Rates
What the latest Fed meeting means for mortgage lenders
Federal officials decided not to change monetary policy, which could have a short-term benefit for lenders as mortgage rates are expected to drop slightly. However, in the medium to long term, mortgage rates are likely to remain steady or increase, making it difficult for potential home buyers. The current state of monetary policy is not expected to significantly impact the housing market, and int... more
May 6, 2025 3:00 PM
— Mortgage Fraud
Fannie, Freddie to 'talk to each other' to combat fraud
The article discusses the Federal Housing Finance Agency's decision to allow Fannie Mae and Freddie Mac to collaborate in order to combat fraud, despite being competitors in the mortgage space. The agency has also made fraud a priority, introducing new measures such as a mortgage fraud tip line and potential loan recalls. The article also mentions that mortgage rates remained stable despite some m... more
May 2, 2025 7:39 AM
— Housing Market
Mortgage jobs dip, overall hiring points to stable rates
The article discusses the latest Bureau of Labor Statistics numbers, which show a positive gain in U.S. employment despite a tepid homebuying season. Mortgage rates are expected to remain within their current range as the Federal Reserve assesses economic growth and inflation concerns. Nonbank mortgage payrolls have slightly decreased, and there are concerns about economic weakness affecting futur... more
May 1, 2025 10:01 AM
— Mortgage Rates
Mortgage rates down as tariff tantrum ends: Freddie Mac
Mortgage rates declined this week with the 30-year fixed rate mortgage averaging 6.76%. The movements are in line with the 10-year Treasury yield. The 15-year FRM also saw a small drop, indicating potential stabilization in the mortgage market. While the broader economic landscape remains uncertain, mortgage borrowers have received some respite from recent economic news.
May 1, 2025 6:25 AM
— Mortgage Lenders
The Top Producers of 2025: The complete list
The mortgage industry is lacking the next generation of loan officers, with the majority of respondents being between 41 and 50 years old. Experience levels among loan officers range from as little as six to over 30 years, with tenure at their current firm varying greatly. Various loan officers are investing in artificial intelligence to streamline workflow and enhance efficiency. The Top Producer... more
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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.
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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