Mortgage rates for the 30-year fixed loan finally broke below the 6% mark this past week, Freddie Mac reported, as the spread with the 10-year Treasury got below 200 basis points. Processing Content However, the 15-year fixed rate mortgage rose by a relatively large 9 basis points from the week of Feb. 19. “For the […]
Mortgage rates dip under 6% for first time since ’22 Read More »
Let’s be clear: selling your house is absolutely possible right now. According to the National Association of Realtors (NAR), roughly 11k homes sell every day in this country. And the sellers who are making their moves happen all have one thing in common: they’ve adjusted their strategy to match today’s market. They’re realizing inventory has
Top Mistakes Homeowners Are Making in 2026 (And How To Avoid Them) Read More »
It may not be as glamorous as being able to say mortgage rates are “in the 5s,” but at 6.00%, today’s MND rate index is a mere 0.01% higher than yesterday’s multi-year low. For all practical purposes, this means the average borrower will see almost exactly the same rates as yesterday. In many cases, the
Mortgage Rates Mostly Holding Long-Term Lows Read More »
Better is turning to crypto-linked capital to fund as much as $500 million in mortgages, betting the move can double originations and eventually push borrower rates below 5%. Processing Content The lender is partnering with Framework Ventures to tap funding through the Sky stablecoin ecosystem, positioning the platform as an alternative source of warehouse liquidity
Better taps crypto funding to target sub-5% rates Read More »
Consumer debt accelerated in December, driven by substantial growth in first mortgage and home equity lines of credit balances, a new industry report showed. Processing Content Total consumer debt in the United States reached $18.2 trillion by the end of last year, with $12.8 trillion attributed to first mortgages, according to Equifax’s fourth quarter consumer
Consumer debt accelerates in December, fueled by mortgages Read More »
Wholesale and correspondent mortgage firm Lendermac announced it had reached an agreement to acquire Direct Mortgage Corp., the latest deal in the current wave of industry consolidation. Processing Content The move aims to bolster the national presence of Cypress, California-based Lendermac and facilitate its efforts to create a scaled multichannel platform that supports future expansion,
Non-QM specialist Lendermac acquires Utah’s Direct Mortgage Read More »
Helped by a strong fourth quarter, the six active private mortgage insurers wrote 12% more business in 2025 over the prior year. Between the third and fourth quarter, new insurance written grew by 4%, according to a report from Bose George of Keefe Bruyette & Woods. Typically, the last three months of the year are
MI volumes jump 12%, competitive pressure builds Read More »
Aulene Wessel, chief accounting officer at OnityOnity Onity Group has named Aulene Wessel, a former executive vice president at Truist, as a new member of its leadership team. Processing Content Wessel is taking on the chief accounting officer role previously filled by Francois Grunenwald, who will be leaving the company after a transition period “to
Onity Group adds a former Truist executive to c-suite Read More »
United Wholesale Mortgage produced nearly $50 billion in loans during the fourth quarter, as its parent company ended the period with substantially higher net income than the comparable quarters. Processing Content UWM Holdings reported fourth quarter GAAP net income of $164.4 million. This included a $28.8 million markdown on its mortgage servicing right portfolio. In
UWM production nears $50 billion on strong refi quarter Read More »
Citi is pledging more than $60 billion to a new initiative focused on improving housing affordability. Processing Content The bank announced Tuesday its Blueprint for Housing Opportunity plan, a five-year commitment dedicated to increasing the housing supply through the creation and preservation of at least 250,000 units across the country. The Citi Foundation also devoted
Citi commits $60 billion to affordable housing initiative Read More »