Key insight: New York’s Medallion Financial is counting on a newly hired home-improvement lending team to boost loan growth in 2026. Supporting data: At the one-time taxi lender, medallion loans now comprise less than 1% of total loans. Expert quote: “The last five years, we’ve made more than we have in the first 85 combined. […]
Medallion stresses home improvement to drive 2026 growth Read More »
Loan applications for newly constructed homes increased 19% between December and January, benefitting from how housing starts performed at the end of 2025, according to the Mortgage Bankers Association. Processing Content Year-over-year, however, volume increased by just 2%, the MBA’s Builder Application Survey reported. Rates for the 30-year fixed reached a three-year low at 6.09%
New home mortgage applications up as starts end 2025 strong Read More »
Mortgage consolidation continued full steam at the start of 2026 with Pennymac’s purchase of Cenlar’s subservicing business, but executives at an industry conference this week had mixed views on its outlook and pace going forward. Processing Content Last year’s megadeal combination of Rocket and Mr. Cooper slowed M&A activity temporarily at one point, David Sheeler,
Is more servicing M&A coming? Here’s what executives say Read More »
Veterans United Home Loans is the target of a potential class-action lawsuit over alleged illegal predatory practices. Processing Content The three plaintiffs, all military veterans, accused the lender of deceptively suggesting it was part of the Department of Veterans Affairs or the federal government and steering clients to more costly loans, the filing said. The
Lender sued for steering and deceiving military veterans Read More »
Mortgage rates ended the week just above 6%, the lowest point since September 2022, although one other indicator had the 30-year fixed under that level for a couple of days. Processing Content The 30-year fixed rate mortgage fell 8 basis points this week to 6.01% as of Feb. 19, the Freddie Mac Primary Mortgage Market
Mortgage rates settle above 6%, lowest in over three years Read More »
Pending sales of existing homes in the US fell in January to a record low as buyers remained unmotivated by lower mortgage rates and slower price increases. Processing Content An index of contract signings fell 0.8% last month to the lowest level in data from 2001, following a revised 7.4% decline in December, according to
Pending home sales fell to record low in January Read More »
Although delinquency rates have been steadily rising over the past few years, vacancy and foreclosure rates are seeing little movement, according to a new industry report. Processing Content Nearly 1.4 million homes, or 1.33%, residential properties in the United States were vacant at the beginning of the year, virtually the same as the 1.32% rate
Delinquencies rise, vacancies stay flat Read More »
Consumers are reengaging with the mortgage market, signaling a return to normality in 2026, TransUnion said. Processing Content Mortgage originations rose 6.5% year over year to 1.3 million in the third quarter of last year, but at the same time, the percentage of borrowers 60 or more days delinquent increased to 1.51% in the fourth
TransUnion sees mortgage market normalizing Read More »
There’s one decision you’re going to make when you sell that determines whether your house sells quickly, or it sits. Whether buyers make an offer, or scroll past it. Whether you walk away with the maximum return, or you end up cutting the price later. And that’s your asking price. The #1 Mistake Sellers Make
The Price You Set Can Make (or Break) Your Sale Read More »
Single-family housing starts ticked up in December, but were down about 7.0% year-over-year in 2025. According to the National Association of Home Builders (NAHB), new residential construction is expected to stay relatively flat this year, but could rebound in 2027 if mortgage rates inch lower and pent-up demand enters the housing market. Census data released
2025 housing starts fell 7%, but builders glimpse clues of an uptick Read More »