A paper from Andrew Davidson & Co. reportedly supports the notion that dropping the tri-merge credit report standard would result in greater risk to mortgage industry participants. Processing Content The paper was brought to media attention by the Consumer Data Industry Association. Others stand by their views that a single pull is sufficient to use […]
Dropping tri-merge reports hikes mortgage risk, paper claims 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 »
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 »
New residential construction in the US rose to a five-month high in December, as homebuilders boosted production to take advantage of lower borrowing costs. Processing Content Housing starts increased 6.2% to an annual pace of 1.4 million homes in December, according to figures released Wednesday by the government, which were delayed by fall’s federal shutdown.
Housing starts rise to five-month high in broad increase Read More »
Uneven cooling in the national housing market is sharpening focus on why some cities continue to defy the slowdown. While macro indicators point to softer demand, select metro areas maintain steady homeowner lending volume. Processing Content Local conditions, rather than national sentiment, shape borrower confidence, application flow, and loan performance. These local conditions are reflected
Why some cities resist national housing slowdowns Read More »
As home-price growth has flattened, the average down payment has decreased, according to a new industry report. Processing Content The typical homebuyer’s down payment in the United States decreased 1.5% year over year to $64,000 in December, the first drop in five months, Redfin found. That’s 15.2% of the average purchase price, compared with 16.7%
Average down payment falls amid price cooling Read More »
Key Insight: Federal Reserve Vice Chair for Supervision Michelle Bowman said the Fed is exploring ways to reduce banks’ regulatory costs associated with mortgage lending and servicing. Expert Quote: “These potential changes would address legitimate concerns about mortgage market structure while maintaining appropriate prudential safeguards.” — Fed Vice Chair for Supervision Michelle Bowman. Forward Look:
Fed’s Bowman wants to boost banks’ share of mortgage market Read More »
An integrated solution involving four key areas needs to come to fruition in order to solve the affordable housing crisis, the National Association of Mortgage Brokers argues in its latest white paper. Processing Content Those points were listed in a document accompanying the white paper and include: Increasing the housing supply Reducing regulatory barriers Lowering
NAMB outlines 4-part housing affordability fix Read More »
Mortgage delinquency rates increased in the most recent quarter, with Federal Housing Administration-backed distress spiking to multiyear highs, according to the latest industry report. Processing Content Delinquencies increased to 4.26% in the fourth quarter on a seasonally adjusted basis, jumping up 27 points three months earlier, with upticks observed across all leading loan types. Year
FHA delinquencies rise above 11% Read More »
Mortgage rates dropped for the first time in three weeks but have remained in the same range for the past month. Processing Content The 30-year fixed-rate mortgage averaged 6.09% Thursday, down two basis points from 6.11% last week, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate was 6.87% at this time
Mortgage rates slip, but 6% may be the limit Read More »