Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble
Mortgage rates haven’t moved in tandem with recent Fed rate cuts. Don’t expect that pattern to change much after policymakers meet Wednesday.
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CBO report shows GSEs have better conditions to repay Treasury by recapitalizing
The Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises could benefit the U.S. Department of the Treasury in most scenarios.
CoreLogic: Mortgage delinquencies kept climbing in September
September signified a steady decline in mortgage performance since the end of third-quarter 2023. About 3% of all mortgages were in some form of delinquency in September 2024 — up 20 basis points year over year, according to a CoreLogic report released this week.
AARP assesses aging in place, role for reverse mortgages
A new AARP report found that communities and policies need to work harder to address the aging in place preferences of seniors.
Uplist’s Jeff Bell on finding efficiencies for loan officers
Jeff Bell, president of UpWell Mortgage and Uplist, talks about the industry turning a corner after two rough years.
UWM, Better join Fannie Mae’s controversial title insurance waiver pilot
UWM and Better have joined Fannie Mae’s pilot program that waives lender title insurance requirements for certain refinance transactions.
Foreclosure filings dropped in November. Is market pressure finally easing up?
One in 4,795 homes had a foreclosure filing in November 2024. That equates to a total of 29,390 filings, down from 30,784 in October.
EasyKnock, facing fire on multiple fronts, abruptly shuts down
Founded in 2016, New York-based residential sale-leaseback platform EasyKnock goes out of business.
Small drop in mortgage rates a good sign for December
If housing industry professionals are looking for an early Christmas gift, they might receive it in the next two weeks if key economic indicators move in the right direction.
Citi invests in mortgage platform Pylon
Mortgage infrastructure provider Pylon received a minority investment from Citi, and will sell mortgages on its platform through the bank’s mortgage trading desk.