Mortgage News
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Each article is summarized for your convenience. Click on the title to see the original.
News for: HousingWire
Showing 25 - 48 of 602 results
Oct 14, 2026 2:15 PM
— Mortgage Lending
GSEs modernize income, occupancy checks to slash loan risk
Freddie Mac is piloting an automated income verification tool that has reduced cycle times by nearly 10 days. Meanwhile, Fannie Mae's new Desktop Underwriter aims to address occupancy misrepresentation, which contributes to 20% of post-closing defects. Both GSEs have saved borrowers billions by eliminating traditional appraisals and simplifying title requirements, focusing on reducing closing cost... more
Oct 14, 2026 1:20 PM
— Housing Market
Who benefits when listings go private, and who pays for less exposure?
An opinion essay discusses the potential downsides of private listing networks in real estate, such as reduced exposure, weakened price discovery, and unequal outcomes based on race. It references Zillow survey results highlighting pricing gaps for sales not listed on the MLS in 2023 and 2024. The author reflects on their experience in the real estate industry, emphasizing the importance of networ... more
Oct 14, 2026 12:22 PM
— Mortgage Lending
HUD leaders push for more FHA lender participation
HUD leaders emphasized the need for broader lender participation and clearer enforcement rules for FHA. Ginnie Mae reported strong investor demand with its MBS portfolio exceeding $3 trillion, mainly driven by nonbank issuers. The discussion took place at the Mortgage Bankers Association's Annual Convention, highlighting efforts to reduce program costs and improve liquidity in the mortgage sector.
Oct 14, 2026 12:22 PM
— Mortgage Lending
Rechat appoints Audie Chamberlian as chief industry officer
Rechat has appointed Audie Chamberlain as their new chief industry officer, responsible for overseeing brand, communications, and partnerships. He aims to strengthen relationships within the real estate industry and will introduce various initiatives, including brand champions, original research, and events for industry leaders. Rechat serves over 200 brokerages and has experienced significant rev... more
Oct 14, 2026 11:19 AM
— Housing Market
Reffkin defends Compass private exclusives amid MLS disputes
Compass CEO Robert Reffkin defended the use of private exclusive listings over traditional MLS sites, stating that the latter can negatively impact sellers by extending days on market and creating a history of price drops. He highlighted that in September, 43% of listings had price drop histories and 6% were withdrawn from the market, suggesting that these factors can hurt property values and lead... more
Oct 14, 2026 9:36 AM
— Mortgage Lending
Zippy raises $20M from Saluda Grade
Saluda Grade has invested $20 million in Zippy, a manufactured housing finance originator and servicer founded by former JPMorgan bankers. The investment will help Zippy expand its operations beyond 27 states, introduce new products, and enhance its technology platform and balance-sheet capacity. Zippy has created a proprietary loan origination system and has secured over $600 million in capital c... more
Oct 14, 2026 9:18 AM
— Housing Market
Falling housing inventory masks weakening buyer demand
Falling housing inventory does not always indicate a stronger seller's market, as evidenced by the current trends in cities like Dallas, Denver, and San Francisco. With mortgage rates around 7.5% and weakening buyer demand, the shrinking supply may mask underlying challenges in the market, such as elevated price reductions and sellers withdrawing listings. Overall, the situation highlights the com... more
Oct 14, 2026 8:40 AM
— Mortgage Lending
Bank of America home loan volume falls 12% in Q3, raising questions about banks’ market share
Bank of America's home loan volume declined by 12% in Q3 to $9.8 billion, primarily due to higher mortgage rates and regulatory costs impacting large banks' mortgage operations. First-lien originations dropped to $6.8 billion, while home equity production slightly increased to $2.9 billion. Similarly, JPMorgan Chase and Wells Fargo reported decreases in mortgage volumes, with JPMorgan originating ... more
Oct 14, 2026 8:33 AM
— Housing Market
Social Security announces 3.6% COLA increase for 2027
Social Security benefits will increase by 3.6% in January 2027, resulting in an average monthly rise of $75 for about 76 million Americans, including recipients of Supplemental Security Income (SSI). The adjustments will take effect on December 31 for SSI payments. However, advocates believe the cost-of-living adjustment (COLA) is inadequate as inflation continues to outpace these increases. Benef... more
Oct 14, 2026 7:05 AM
— Mortgage Rates
Hotter inflation could force Fed to move rate hike plans to October
In September, the Consumer Price Index rose 3.7% year-over-year, up from 3.4% in August, primarily driven by a significant increase in energy and gasoline prices. This rise in inflation, especially with energy prices surging by 20.4% and gasoline by 34.2%, raises the potential for a Federal Reserve interest rate hike in October, which could contribute to higher mortgage rates.
Oct 14, 2026 6:31 AM
— Mortgage Rates
MBA mortgage applications slip 2.7% as rates continue to rise
For the week ending October 9, 2026, mortgage applications dropped by 2.7%, coinciding with a rise in the 30-year fixed mortgage rate to 7.5%. Purchase applications declined by 4%, while the share of adjustable-rate mortgages (ARMs) increased to 10.5%. The unadjusted index reflected a 2% decrease compared to the prior week.
Oct 14, 2026 6:17 AM
— Mortgage Lenders
Compass gets serious about AI, adds Google Gemini leader to board
Compass has appointed Sissie Hsiao, a former Google executive, to its board of directors to enhance its focus on artificial intelligence and advertising-driven growth. This appointment follows the resignation of Charles Phillips, with Frank Martell and Steven Sordello taking on expanded leadership roles within the board.
Oct 14, 2026 3:00 AM
— Housing Market
How to read the existing home sales and inflation reports
In the latest episode, Editor in Chief Sarah Wheeler discusses existing home sales and upcoming expectations from the inflation report with Lead Analyst Logan Mohtashami, highlighting key trends in the housing market.
Oct 14, 2026 12:55 AM
— Mortgage Lending
Checkr’s Felicia Lee on income volatility, mortgage affordability and the future of verification
Felicia Lee, Head of Mortgage Solutions at Checkr, discussed in an interview how rising income volatility and household expenses are impacting mortgage affordability. She noted that traditional income verification methods need to adapt to the changing job landscape, where instability is becoming more common. With 62% of consumers expected to experience income volatility by 2025, these factors comp... more
Oct 14, 2026 12:55 AM
— Mortgage Lending
Home Equity Lending Growth & AI at Spring EQ
In an interview with HousingWire, Spring EQ CEO Joe Steffa discussed the changing dynamics of the mortgage market, emphasizing the increasing importance of home equity lending. He noted ongoing challenges related to affordability and origination volumes but highlighted emerging opportunities as more consumers recognize home equity as a viable asset. Steffa mentioned Spring EQ's commitment to assis... more
Oct 14, 2026 12:02 AM
— Mortgage Servicing
Every servicing exception needs an owner and a clock
The article discusses the challenges associated with servicing exceptions in mortgage loans, which often lack clear ownership and deadlines, resulting in borrower harm and increased costs. It highlights a specific scenario where discrepancies between payment histories and escrow balances lead to unnecessary fees for borrowers. The article suggests four solutions to improve the situation: defining ... more
Oct 14, 2026 12:02 AM
— Mortgage Lending
How equity buyouts work in a divorce refinance
In a divorce refinance, the remaining spouse takes over a joint mortgage and may cash out to pay the other spouse based on the home's appraised value, loan balance, and settlement terms. As divorce rates remain high, especially among those aged 50 and over, the equity in their long-held family homes becomes a critical factor in the buyout process. This equity is often significant, and the refinanc... more
Oct 14, 2026 12:01 AM
— Mortgage Lending
Western Alliance Bank on expanding mortgage liquidity, warehouse lending and payment innovation
Western Alliance Bank executives Mark Short and Chris Martin described the bank’s expansion of mortgage services, including warehouse and MSR financing, private-lender note financing, whole-loan purchases, and treasury management. They highlighted flexible lending, stronger lender partnerships, opportunities to serve smaller independent mortgage banks, and potential loan syndication as the industr... more
Oct 13, 2026 1:56 PM
— Mortgage Lending
Mortgage Origination News and Updates from HousingWire
Mortgage industry challenges—including elevated rates, reduced borrower demand, and bank consolidation—were expected to continue into early 2023. Separately, mortgage forbearance exits reached a one-month high in the first week of September, driven by an increase in loan modifications.
Oct 13, 2026 1:08 PM
— Housing Market
Some builders beat an entry-level retreat. Valera eyes an opening
StoneManor Homes has introduced Valera Homes in Houston, targeting entry-level buyers with homes priced between $270,000 and $350,000. This initiative comes as many builders shift away from affordability in response to elevated mortgage rates and economic challenges impacting budget-conscious consumers. To manage costs, StoneManor is using standardized packages and infill sites, aiming to provide ... more
Oct 13, 2026 1:01 PM
— Mortgage Lending
FHA eyes 203(k) consultants' issue to unlock rehab mortgages
Officials at the FHA and Ginnie Mae are working to enhance the 203(k) renovation program to combat housing affordability issues. Recent changes to the Limited 203(k) rules allow for more contractor draw requests, which will facilitate financing for home repairs and renovations. FHA's deputy assistant secretary highlighted the lack of HUD-approved consultants as a barrier to the standard 203(k) pro... more
Oct 13, 2026 11:44 AM
— Mortgage Lending
Optimal Blue data shows non-QM lending, ARM usage is expanding
In September, non-QM (nonqualified mortgage) rate-lock volume increased by 8%, while total mortgage rate locks decreased by 2% month-over-month and 26% year-over-year, according to Optimal Blue. The 30-year conforming mortgage rate at the end of September was 7.39%, with non-QM making up 12% of total production, indicating growth in this segment despite overall declining rate-lock volume due to ri... more
Oct 13, 2026 11:21 AM
— Mortgage Lending
Experian expands Power Profile Plus, adds unlimited soft pulls
Experian has improved its Power Profile Plus for Mortgage, allowing lenders to request unlimited follow-up soft inquiries for credit checks without incurring extra charges. This updated functionality provides a full Experian credit profile and VantageScore 4.0 through soft inquiries, enabling lenders to better evaluate borrowers without initially needing a hard credit check. The enhancements are i... more
Oct 13, 2026 11:21 AM
— Mortgage Rates
Existing home sales beat estimates, but don’t reflect recent higher rates
The National Association of REALTORS® (NAR) reported a 1.5% monthly increase in existing home sales but a 2.2% decrease from a year earlier. While current home prices remain higher year over year, the report may not accurately reflect the recent rise in mortgage rates above 7%. The low inventory of 1.6 million homes, compared to the normal range of 2 to 2.5 million, contributes to challenges in ho... 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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