With little to suggest that the U.S.-Iran conflict will end soon — and with crude-oil prices rising to more than $100 per barrel — mortgage rates took a beating in the past week as Treasury yields rose to their highest point since last July. Mortgage News Daily (MND) reported that 30-year fixed rates averaged 6.49% […]
Mortgage rates rise as Treasury yields hit 8-month high Read More »
March 2026 continues to be an unpleasant month for mortgage rates–a fact almost exclusively due to the Iran war. Even if the war were to end today, there’s been sufficient disruption to infrastructure and a big enough initial spike in energy prices to create what economists refer to as “second round effects.” In simpler terms,
Highest Mortgage Rates Since August 2025 Read More »
The US Supreme Court in Washington.Kent Nishimura/Bloomberg The United States’ high court turned down a case involving a former biweekly mortgage-payment services firm that has been fighting a Consumer Financial Protection Bureau penalty for a decade. Processing Content The Supreme Court this week declined to hear an appeal from Nationwide Biweekly Administration, which has battled
Supreme Court won’t hear mortgage firm’s appeal in CFPB case Read More »
A former US Mortgage employee is suing the lender for failing to protect his personal data in a hack last year, which the company has said it took swift action to address. Processing Content Richard Bernich sued the Long Island-based company in federal court for negligence, the latest data breach suit against a mortgage player
US Mortgage sued over ransomware attack Read More »
Buyers have significantly more negotiating power than sellers in the housing market today, resulting in a record amount of home-sale cancellations, a new industry report found. Processing Content More than 42,000, or 13.7%, of home-sale agreements in the United States fell through last month, according to a Redfin report. That’s the highest February share in
Home sales cancelled at record rate as buyers hold power Read More »
Senator Josh Hawley, a Republican from Missouri, during a hearing on Wednesday, April 17, 2024. Photographer: Graeme Sloan/BloombergGraeme Sloan/Bloomberg A Republican senator launched a new investigation into the leading provider of mortgage borrower credit scores, reiterating prior criticism of a “monopoly” he says proves detrimental to aspiring home buyers. Processing Content Alongside his own investigation
Senator calls for FTC investigation into FICO score pricing Read More »
The Goldman Sachs Mortgage Company is sponsoring a $359.4 million residential mortgage-backed securitization (RMBS), capitalizing a pool of non-qualified mortgages extended primarily to investors. Processing Content GS Mortgage-Backed Securities Trust, 2026-R1 will issue the notes through seven tranches of classes A, M and B notes, which all have a final scheduled maturity date of April
A Goldman-sponsored RMBS pool will raise $359.4 million Read More »
TransUnion is launching a new app set to help Realtors confirm property ownership to prevent fraud, conduct personal safety checks and drive more effective prospecting. Processing Content TruLookup for Real Estate is a purpose-built solution that reduces the need for real estate professionals to analyze multiple databases or download numerous apps when researching potential clients
TransUnion launches new fraud and personal safety check app Read More »
The Trump administration on Friday issued a “comprehensive national legislative framework” regarding artificial intelligence (AI) policy, aimed at boosting U.S. innovation while protecting consumers, children and national security. The proposal outlines six broad priorities aimed at positioning the U.S. as a global leader in AI while building public trust in the rapidly evolving technology. The
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National Land Realty has introduced a new commission structure that lets land brokers and agents choose from three different plans, including an option that allows top producers to scale up to a 100% commission split, the company announced March 31. The Greenville, South Carolina-based land brokerage said its new “Enhanced Commission and Growth Plan” is
National Land Realty rolls out tiered commission model aimed at boosting agent earnings Read More »