How Mortgage Servicers Can Mitigate Cybersecurity Risks
With AI-powered cybersecurity incidents - including advanced malware and ransomware attacks - becoming more prevalent, many mortgage companies will be looking to update their...
FHFA Takes Preliminary Step to Transition Fannie Mae, Freddie Mac Out of Conservatorship
The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury have amended Fannie Mae and Freddie Mac’s Preferred Stock Purchase Agreements...
FHFA: U.S. Home Prices Continued to Rise in October, But More Slowly
U.S. home prices increased 0.4% in October compared with September and were up 4.5% compared with October 2023, according to the Federal Housing Finance...
Average 30-Year Mortgage Rate Rises to Nearly 7 Percent to Close 2024
Mortgage rates ended 2024 on a high note, as the average rate for a 30-year fixed-rate mortgage increased to 6.91% this week, up from...
Mortgage Application Volume Dropped During Last Two Weeks of 2024 as Rates Increased
Due to higher mortgage rates and seasonal patterns, mortgage application volume decreased 21.9% on an adjusted basis during the two weeks ended December 27,...
Case-Shiller: Home Price Appreciation Slowed in October
U.S. home prices increased 0.3% on an adjusted basis in October compared with September and were up 3.6% compared with October 2023, according to...
FHFA Report Shows Delinquencies, Foreclosure Starts Edged Up in Q3
Fannie Mae and Freddie Mac completed 43,459 foreclosure prevention actions during the third quarter, according to the Federal Housing Finance Agency’s (FHFA) most recent...
CFPB Sues Rocket Homes for Steering Borrowers to Rocket Mortgage
The Consumer Financial Protection Bureau (CFPB) is suing Rocket Homes for providing kickbacks to real estate brokers and agents to steer prospective borrowers to...
NAR: Pending Home Sales Rose 2.2 Percent in November
Pending home sales increased 2.2% in November compared with October and were up 6.9% compared with November 2023, according to the National Association of...
FHFA Directs GSEs to Improve Their Risk Management Frameworks Related to the Use of...
The Federal Housing Finance Agency (FHFA) recently released its 2025 Scorecard for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, establishing an array of...
Zonda: The Election, Builder Incentives Helped Boost New Home Sales in November
New home sales spiked following the November election, according to a report from housing market advisory firm Zonda.
In the report, 10% of builders said...
First American: Home Price Appreciation Flattened in November
U.S. home prices decreased 0.1% in November compared with October, signaling that home price growth may have fully flattened since the first time since...
ATTOM: Homeownership Was Less Affordable in the Fourth Quarter
Home affordability worsened in the fourth quarter, as home prices were higher on average compared with the third quarter, according to ATTOM’s latest U.S....
Mortgage Rates Increase to End 2024
Mortgage rates increased this week, as the average rate for a 30-year, fixed-rate mortgage reached 6.85%, up from 6.72% last week and up from...
Mortgage Delinquencies Jumped 8 Percent in November
The U.S. mortgage delinquency rate increased significantly in November, rising 8.38% compared with October, according to ICE Mortgage Technology’s First Look report.
As of the...
ATTOM: Home Flipping Was Less Profitable in the Third Quarter
About one in every 14 home sales, or 7.2% of home sales nationwide, were “flips” during the third quarter, according to ATTOM.
That’s down from...
Share of Mortgages in Forbearance Increased Slightly in November
The share of mortgages in forbearance increased three basis points in November compared with October, rising from from 0.47% to 0.50% of all loans,...
New Home Sales Jumped 5.9 Percent in November as Rates Decreased
New home sales jumped 5.9% in November compared with December to reach an annual rate of 664,000, according to the U.S. Census Bureau and...
Planet Home Lending Hires Candice McNaught as SVP, Business Development and Strategic Initiatives
Candice McNaught has joined Planet Home Lending, a national mortgage lender, servicer, and asset manager, as senior vice president, business development and strategic initiatives...
MBA: Commercial Mortgage Delinquencies Increased in Third Quarter
Commercial mortgage delinquencies increased in the third quarter, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
Banks and thrifts (90 or more...