Key insight: A group of 22 state attorneys general — all Democrats — filed a lawsuit against the Consumer Financial Protection Bureau, Federal Reserve and acting CFPB director Russell Vought, challenging the administration’s position that the Fed can only fund the CFPB when the Fed itself is profitable. Expert quote: “The failure to request funding […]
Democratic AGs file suit demanding CFPB funding Read More »
Mortgage delinquency rates rose sharply last month, hitting a four-year high, but those numbers are still in line with historical trends, according to the latest ICE Mortgage Technology First Look report. Processing Content The number of mortgages past due rose by 275,000 to 2.3 million from October to November, bumping up the national delinquency rate
Delinquencies jump to 4-year high Read More »
A California judge granted United Wholesale Mortgage‘s motion to dismiss a class action by borrowers over allegedly disclosing personal and financial information to third parties, like Meta and Google. Processing Content The plaintiffs, Ethan Allison and Mark Caloca, filed the initial complaint in June, but the judge ultimately agreed Sunday with UWM, who said the
Judge dismisses disclosure class action against UWM Read More »
Among the changes mortgage businesses are trying to adjust to in the age of artificial intelligence, marketing strategy could turn out to be the trickiest to understand and implement. Processing Content AI has ushered in a new landscape for digital marketing across all types of businesses, and where search-engine optimization once governed how companies made
AI is changing the rules of mortgage industry marketing Read More »
Mortgage rates are tied to movement in the bond market and bonds were close enough to Friday’s levels that mortgage rates were essentially unchanged today. This keeps the average lender in the lower portion of the narrow range seen over the past 4 months. If rates manage to move noticeably lower from here, they’ll be
Mortgage Rates Hold Steady to Start Holiday-Shortened Week Read More »
A federal judge has certified a class of borrowers in a pay-to-pay lawsuit against Dovenmuehle Mortgage, opening the servicer to a larger legal battle with potentially thousands of consumers. Processing Content U.S. Chief District Judge Catherine C. Eagles granted George Custer’s motion for class certification last week, after he filed his complaint in April 2024.
Dovenmuehle pay-to-pay plaintiffs win class certification Read More »
Availability of for-sale inventory shrank at its quickest pace in over two years last month, as new home listings also landed at their lowest level since mid 2024, according to Redfin. Processing Content Active listings decreased 1.4% from October, the largest seasonally adjusted drop since June 2023. The number doubled the previous month’s 0.7% pace
Housing inventory sees steepest drop in over two years Read More »
Hearing talk about home prices falling? That may leave you worried about whether your house is losing value. But here’s what you need to know. While some local markets have seen small price dips this year, home prices are not falling nationally. So, don’t let the headlines scare you. The vast majority of the country
Headlines Have You Worried about Your Home’s Value? Read This. Read More »
Several of the mortgage industry’s biggest story lines from 2025 are expected to take clearer shape in 2026, according to industry participants who shared their outlooks with National Mortgage News. Among the developments gaining traction are the potential arrival of the 50-year mortgage, the full rollout of credit score modernization and further consolidation after a
Why 2026 could be the mortgage industry’s reset year Read More »
This is the final Housing Market Tracker article for 2025 and we’re going to tackle why the inventory growth rate has been cut in half this year. At one point, we had over 30% year-over-year growth, and that number is now down to 13.54%. Why is this the last tracker of the year? I don’t
Why did the growth rate of housing inventory drop by half this year? Read More »