Mortgage News
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News for: Scotsman Guide
Showing 25 - 48 of 216 results
Oct 9, 2026 10:16 AM
— Mortgage Fraud
Trump escalates Lisa Cook feud, forms committee to investigate mortgage fraud allegations
President Donald Trump has established a committee to investigate allegations of false statements made by Federal Reserve Board governor Lisa Cook concerning mortgage documents dated 2021. Cook is scheduled for a closed hearing at the White House on November 5. Trump's actions have raised concerns from Cook's attorneys about the legitimacy of the process, given his prior statements expressing inte... more
Oct 9, 2026 10:16 AM
— Mortgage Rates
CRE finance executives brace for a tougher year ahead
The commercial real estate sector's economic outlook has sharply worsened, with the CRE Finance Council's Sentiment Index dropping 17.5% to its lowest in three years. Concerns about interest rates and economic policies are driving expectations of worsening market conditions; two-thirds of respondents predict the situation will deteriorate. Liquidity concerns have risen, and optimism about governme... more
Oct 9, 2026 10:06 AM
— Interest Rates
Consumers’ inflation expectations move higher as cost-of-living frustrations build
Consumer sentiment in the U.S. decreased by 3.7% in October, reaching a near record low due to heightened expectations for inflation, caused partly by rising prices and borrowing costs. The University of Michigan's survey highlighted a decline in views regarding current economic conditions, even though future financial outlooks improved slightly. The Federal Reserve's recent interest rate hikes ai... more
Oct 8, 2026 4:39 PM
— Mortgage Lending
Industry Watch: Lenders locking down conforming loan limits
Large lenders are preemptively raising their conforming loan limits in anticipation of guidance from the Federal Housing Finance Agency (FHFA), with Rocket Mortgage leading by raising its limit to $845,000, followed by Pennymac at $850,000. Other lenders, including United Wholesale Mortgage and CrossCountry Mortgage, have also adjusted their limits. Additionally, the FHFA is allowing lenders to us... more
Oct 8, 2026 3:42 PM
— Mortgage Lending
Investor mortgages are thriving with typical homebuyers sidelined
Despite high mortgage rates, home prices, and associated costs, the single-family rental market shows resilience as demand for residential investor loans increases, driven by a decrease in traditional mortgage borrowing. This environment has created a competitive landscape for investors looking to secure loans, highlighting a significant shift in the mortgage market dynamics.
Oct 8, 2026 1:56 PM
— Interest Rates
Waller breaks with Warsh on Fed forward guidance, hints at October rate hold
In a speech at the Istanbul Economic Forum, Fed Governor Christopher Waller discussed an alternative approach to Federal Reserve communication regarding interest rates, highlighting the need for clearer forward guidance. He proposed a 'signaling option' that would indicate likely future rate adjustments without committing to specific timings or amounts. Waller warned that a lack of guidance could ... more
Oct 8, 2026 12:22 PM
— Mortgage Rates
Housing market wobbles into shaky fourth quarter
The mortgage and housing markets are experiencing a downturn, as September saw mortgage rates rise to their highest levels in nearly three years, leading to a 5.6% drop in home sales compared to last month and a 2.5% decline year-over-year. There was an 8% drop in pending home sales, indicating continued weak performance expected through the end of 2026. Affordability remains a significant concern... more
Oct 8, 2026 9:04 AM
— Mortgage Lending
Mortgage credit access is increasingly hard to come by
Mortgage credit availability declined slightly in September, marking a second consecutive month of tightened lending conditions, according to the Mortgage Bankers Association (MBA). The MCAI, which measures changes in credit availability, fell by 0.2% to 107.1 as lenders adjusted their offerings, particularly for conventional loans backed by Fannie Mae and Freddie Mac. With 30-year fixed mortgage ... more
Oct 7, 2026 9:39 PM
— Mortgage Lending
GAO report finds early signs of impact from trigger leads ban
The new 'trigger leads' law that took effect on March 5 restricts credit bureaus from selling consumers' data without their permission, aiming to curb unwanted mortgage solicitations while allowing consumers to compare mortgage options. A report from the U.S. Government Accountability Office indicates that these restrictions may be effective in this regard.
Oct 7, 2026 5:36 PM
— Mortgage Lending
HUD investigates Wells Fargo over race-based mortgage policies
The U.S. Department of Housing and Urban Development (HUD) is investigating Wells Fargo for potentially violating the Fair Housing Act through racially discriminatory mortgage lending practices. This investigation was prompted by concerns over Wells Fargo's marketing and lending programs aimed at increasing Black homeownership, which HUD claims may involve race-based lending according to a letter ... more
Oct 7, 2026 2:30 PM
— Interest Rates
Fed policymakers saw multiple 2026 rate hikes as likely, September FOMC minutes show
The Federal Reserve raised interest rates by a quarter percentage point in September and is expected to consider another hike by the end of 2026, according to FOMC meeting minutes. While inflation remains high, there was disagreement on the reasons for the rate hike. Some saw it as necessary for managing risks of persistent inflation, while others noted the need to prevent sector-specific price in... more
Oct 7, 2026 9:08 AM
— Mortgage Lending
Small-dollar mortgage market share shrinks further in 2026
The share of small-dollar mortgages, defined as those under $100,000, has significantly decreased from over 12% a decade ago to just 2.7% in 2025. This decline is attributed not to a lack of affordable homes but to the increasing costs and complexities in originating modest loans. Meanwhile, small-balance mortgages remain essential, particularly in rural areas, where home values have not risen as ... more
Oct 7, 2026 8:37 AM
— Mortgage Rates
Mortgage demand extends losing streak as rates keep climbing
Mortgage application volumes have dropped for the fifth consecutive week as rising mortgage rates dampen homebuying demand. The Mortgage Bankers Association reported that 30-year mortgage rates have reached 7.49%, the highest since late 2023, leading to a 4.2% decline in mortgage applications. Refinance activity also fell, with homeowners less incentivized to refinance at these rates. The increase... more
Oct 6, 2026 4:10 PM
— Housing Market
The Midwest bucks the student housing slowdown
Nationally, student housing rent growth is expected to be the weakest outside the COVID-19 pandemic, with average U.S. rents projected to increase only 1.2% in 2026, a sharp decline from previous years. The current vacancy rate is remarkably low at 1.8%, but this scarcity has not led to significant rent increases. The Midwest is showing a different trend, as Moody’s Analytics evaluated performance... more
Oct 6, 2026 3:33 PM
— Mortgage Lending
Large lenders begin scaling VantageScore 4.0 deployment
Pennymac and United Wholesale Mortgage (UWM) have begun using the VantageScore 4.0 credit scoring model across their lending platforms, aiming to enhance credit score competition and accessibility for consumers. Pennymac's adoption is expected to influence smaller lenders to follow suit, while UWM will retrieve both VantageScore and FICO scores for each borrower automatically, defaulting to the be... more
Oct 6, 2026 2:53 PM
— Mortgage Rates
Volatile Treasury market sends mortgage rate lock volumes plunging in September
In September, mortgage rate lock volumes fell for the second month in a row as rates exceeded 7%, with a 27% annual decline noted in refinancing activity and a nearly 12% drop in purchase locks compared to last year. This decrease is associated with rising U.S. government debt yields and expectations of further Federal Reserve rate hikes amidst high inflation. Despite some optimism regarding job g... more
Oct 6, 2026 2:18 PM
— Mortgage Rates
Zillow expects housing market chill to continue through winter
Weather forecasters are predicting a warmer and drier El Nino winter, but the housing market outlook is bleak, with Zillow reporting an 8.5% drop in newly pending home sales year over year in September and a 2.5% decrease in closed sales. The declines are attributed to high mortgage rates, which have increased typical mortgage payments by 6.7% compared to last year. Rising costs in the rental mark... more
Oct 6, 2026 12:52 PM
— Mortgage Delinquency Rates
Mortgage performance broadly weakened in August, ICE finds
In August, residential mortgage performance weakened as housing costs continued to strain household budgets, leading to an increase in the national delinquency rate to 3.53%. Serious delinquencies rose significantly, with 574,000 loans seriously delinquent, while early-stage delinquencies decreased compared to the previous year. New defaults for FHA-insured mortgages fell by 15% year-over-year, bu... more
Oct 6, 2026 9:25 AM
— Mortgage Lending
CMBS delinquencies reach highest level since 2020
Delinquency rates in commercial mortgage-backed securities (CMBS) rose to 8.02% in September, the highest level since late 2020, up from 7.85% in August and 7.55% a year prior, according to Trepp. This increase was primarily driven by performance issues in five large single-asset loans. The office sector's delinquency rate climbed to 12.16%, while the multifamily and lodging sectors also reported ... more
Oct 5, 2026 5:25 PM
— Mortgage Lending
AI unlikely to upend mortgage and title insurance sectors in the near term: Fitch
Fitch Ratings has determined that the mortgage and title insurance sectors are unlikely to experience significant disruption from artificial intelligence over the next five years. A recent AI stress test revealed that while the financial institutions sector faces high risks from rapid AI adoption, the mortgage industry, in particular, has a low vulnerability to such disruptions, scoring just 20 on... more
Oct 5, 2026 4:20 PM
— Mortgage Lending
Two Harbors countersues UWM in breach of contract lawsuit
Two Harbors Investment Corp. is embroiled in a legal dispute with United Wholesale Mortgage (UWM) after terminating a merger agreement in favor of a competing offer from CrossCountry Mortgage. TWO is countersuing UWM for breach of contract, fraud, and negligent misrepresentation, asserting UWM failed to disclose a $603 million loss from a speculative derivatives trade that could have influenced th... more
Oct 5, 2026 4:10 PM
— Mortgage Rates
Mortgage rates are only half the story for brokers closing loans in today’s market
Yields on 10-year U.S. Treasurys have reached over 5.3%, impacting mortgage rates which are now nearing 7.5% for 30-year loans. This situation has worsened homebuying affordability for median income earners, leading to a 14% decline in mortgage demand compared to last year, marking the slowest pace of purchase applications since April 2025.
Oct 5, 2026 2:24 PM
— Housing Market
America’s oldest homeowners own more than half its starter homes
Nearly 40% of U.S. homeowners own their properties without a mortgage, equating to around 35 million homes, predominantly owned by those aged 65 and older. Experts predict that many of these homes will enter the market as owners age or downsize, with an estimated 13.9 million properties becoming available from 2026 to 2036. However, less than 3% of these will be starter homes, exacerbating the hou... more
Oct 1, 2026 4:52 AM
— Housing Market
America’s affordable housing shortage has an accessibility problem
The article discusses the ongoing rental housing crisis in the United States, focusing specifically on the shortage of rental homes that are accessible for individuals with disabilities. Over 10 million renters require accessibility features, but the current stock of federally funded homes is significantly inadequate to meet this need. Systemic barriers prevent many renters from accessing the nece... 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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