Fed Holds Rates Flat Confirming its ‘Higher-For-Longer’ Position
Citing that jobs gains have remained strong, the unemployment rate has remained low and inflation remains high, the Federal Open Market Committee voted Wednesday...
California, New Jersey and Illinois Have the Most At-Risk Housing Markets in the Country
Recent housing reports suggest that inventory is increasing and, as a result, home prices are starting to drop in certain areas, resulting in improved...
Fannie Mae Executes CIRT Transaction on $12.1 Billion of Single-Family Loans
Fannie Mae transferred $284.8 million of mortgage credit risk to private insurers and reinsurers in a recent Credit Insurance Risk Transfer (CIRT) transaction, its...
Mortgage Rates Edge Down for a Second Week
Mortgage rates edged down for a second week, with the average rate for a 30-year fixed-rate mortgage falling to 6.95%, down from 6.99% last week,...
AgentHome Acquires Corinthian Title
AgentHome, a national network of independent title agents, has acquired Corinthian Title Company Inc., a California-based provider of title insurance and escrow services for residential...
Applications for New Home Purchases Increased Slightly in May
Applications for mortgages for new home purchases increased 1% in May compared with April and were up 13.8% compared with May 2023, according to...
Rate-and-Term Refinance Activity Spiked 25.6 Percent in May
Rate-and-term refinance activity spiked 25.6% in May compared with April, as borrowers reacted to a dip in rates, according to Optimal Blue’s Market Advantage...
As Inventory Increases, Many Buyers Still Waiting on the Sidelines
Even though inventory has been increasing, many home buyers are still sitting on the sidelines, with some likely waiting for mortgage rates to decrease...
Guaranteed Rate Re-Enters Securitization Market with Prime Jumbo RMBS Deal
Guaranteed Rate is launching its first residential mortgage-backed securities (RMBS) deal of 2024, making it the first 100% retail non-bank lender to re-enter the...
Mortgage Application Volume Jumped 15.6 Percent Last Week as Rates Edged Down Slightly
Mortgage application volume took one of the largest jumps in over a year last week, increasing an impressive 15.6% on an adjusted basis compared...
FHFA Seeks Public Input on the GSEs’ Underserved Markets Plans
The Federal Housing Finance Agency (FHFA) is seeking public feedback on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac...
Poll: A Majority of Americans Say Government Officials Are Failing to Address Affordability
A majority of Americans agree the U.S. is in a housing affordability crisis and that government officials at all levels aren’t doing enough to...
Zillow Intros Tool to Mitigate Bias in AI-Powered Conversations
Because many AI tools disregard fair housing requirements and, when deployed, can perpetuate bias, Zillow is releasing a Fair Housing Classifier that establishes guardrails to...
Mortgage Originations Dropped 6.8 Percent in Q1 to Lowest Level Since 2000
Roughly 1.28 million mortgages secured by residential property (1 to 4 units) were issued during the first quarter, a 6.8% decrease compared with the...
Consumer Sentiment Toward Housing Market Continued to Sour in May
Consumers continued to have a mostly negative view of the housing market in May, with only 14% saying it’s a good time to buy...
Optimal Blue Names Joe Tyrrell CEO
Joe Tyrrell is the new CEO of Optimal Blue, a provider of secondary marketing software.
Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent...
Mortgage Rate Lock Volume Increased 6.78 Percent in May
Mortgage rate lock volume increased 6.78% in May compared with April, according to Mortgage Capital Trading Inc. (MCT), which offers mortgage capital markets technology.
As...
Finastra Named a Preferred Partner by BlackFin
Mortgage consultancy BlackFin has named Finastra, a provider of financial software applications and marketplaces, a preferred partner.
As a preferred partner, Finastra will collaborate closely...
Strong Jobs Report Keeps Inflation Concerns High
The U.S. economy added 272,000 jobs in May - above expectations - but the total number of unemployed increased to 6.6 million, raising the...
Homeowners With Mortgages Continue to See Strong Equity Gains
Due to rising home prices, U.S. homeowners with a mortgage gained an average of $28,000 in equity during the past year, according to CoreLogic.
That’s...