With mortgage rates expected to hover near current levels for much of 2026, lenders shouldn’t count on rate drops to drive originations growth — and a panel of leading economists at Intercontinental Exchange’s ICE Experience conference in Las Vegas this week made clear where volume will actually come from. Processing Content “We’re essentially back in […]
Forget rate drops — here’s where mortgage volume will come from Read More »
While the mortgage industry is watching how the situation between UWM Holdings and an unnamed buyer for Two Harbors will work out, another large lender is diving headlong into a merger. Processing Content CrossCountry Mortgage, the Cleveland-based lender that says it’s been No. 1 in retail three years running, has agreed to buy another privately
CrossCountry adding top 35 lender Summit Funding Read More »
US household wealth rose in the fourth quarter to a fresh record as the stock market continued to rally as the year drew to a close. Processing Content Household net worth climbed $2.2 trillion from the prior quarter to $184.1 trillion, a Federal Reserve report showed Thursday. The value of Americans’ equity holdings increased $1.6
US household net worth climbs $2.2 trillion to fresh record Read More »
Lower is both plaintiff and defendant in two new poaching lawsuits. Processing Content Two federal complaints involving the lender filed Tuesday invoke claims of tortious interference, in employees violating their non-solicitation agreements. The company sued Atlantic Coast Mortgage in an Ohio court, while Chicago-based The Federal Saving Bank sued Lower in a Maryland forum. The
Lower is the target, and victim, in two new poaching suits Read More »
Yields on the 10-year Treasury, after a brief dip at the start of the week, returned to the upper 4.2% range, even briefly breaking 4.3%, in reaction to inflationary pressures from the Iran conflict. Processing Content In turn, this led mortgage rates to increase by 11 basis points for the second consecutive week, the Freddie
Inflation drives mortgage rates to 2026 high point Read More »
There was less interest in buying a newly constructed home last month, as macroeconomic uncertainty squashed a recent market rally. Processing Content New home purchase applications for February were up 0.9% from the same time last year, but down 1% from January, the Mortgage Bankers Association reported Thursday. The tepid Builder Application Survey results follow
Fewer buyers are interested in newly built homes Read More »
While AI implementation can be a daunting task, acting thoughtfully and intentionally will set businesses up for maximum value, leading executives of leading AI software companies said during a panel at the ICE Experience conference in Las Vegas on Wednesday. Processing Content “It’s not just where we’re at today, it’s your roadmaps — how everybody
Anthropic, Google on maximizing mortgage AI Read More »
UWM Holdings will likely have to increase its offer to get the agreed to purchase of Two Harbors over the finish line. Processing Content Two Harbors announced before the markets opened on March 19 it had received an unsolicited proposal to purchase all of the company’s stock at $10.77 per share, above its March 18
TWO receives unsolicited all-cash bid, endangering UWM deal Read More »
Weekly jobless claims were reported to be 205,000 vs the expected 215,000, the Philly Fed Manufacturing Index 18.1 vs the expected 8.3, so both were considerably market negative. Processing Content Treasuries had already opened with bearish gaps, the largest by the 5-year yield which began the day at its highest yield since 8/1, but even
Treasury yields hit months-long highs after FOMC Read More »
For the past few years, affordability has been what’s stopped a lot of buyers in their tracks. Maybe it stopped you, too. At some point you probably did the math, looked at the monthly payment, and decided to pause your search and wait for things to get better. But here’s something you may have missed
Affordability Has Improved in All 50 States Read More »