A community lenders group is pressing for more competition in GSE credit scoring and reporting, and a new report backs the push, quantifying recent price hikes and warning that more are coming. Processing Content Credit metric costs have gone from a range of $150 to $250 for a conventional loan in April 2024 to an […]
Mortgage credit costs jumped 10x in 4 years: CHLA Read More »
Mortgage rates have increased for five consecutive weeks, sidelining potential buyers in the middle of the spring homebuying season. Processing Content The 30-year fixed-rate mortgage hit 6.46% this week, an eight-basis-point jump from last week’s 6.38% and the highest mark since early September, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate
Mortgage rates hit a 7-month high, as buyers retreat Read More »
As recent incidents of double-pledging risk increase outside the domestic single-family mortgage market, questions arise as to whether they could soon be a concern for home lenders in the United States. Processing Content Double pledging occurs when an asset such as a mortgage or auto loan gets used as collateral for more than one source
Double-pledging risk: What mortgage lenders should know Read More »
Government mortgage-backed securities guarantor Ginnie Mae is providing some deadline relief to issuers who may be rushing to file annual audited financial statements this week. Processing Content Ginnie has announced that it’s removing the 15-day advance notice requirements for extension requests on the statements, which are due March 31 for most issuers. The financial statements
Ginnie Mae gives issuers a break, adds new prepayment data Read More »
The Conference of State Bank Supervisors celebrated an appellate court’s decision not to grant a request by Flagstar Bank for the full panel in an interest-on-escrow case. Processing Content The organization used the ruling to call on the Office of the Comptroller of the Currency to end its efforts to create a national preemption. This
States score win as Flagstar denied escrow rehearing Read More »
Property tax revenues collected by local and state jurisdictions surged nearly 5% at the end of last year and continued an ongoing nine-quarter stretch of increases. Processing Content The $210.7 billion generated in the fourth quarter reflected a seasonally adjusted 1% uptick from $208.5 billion three months earlier, according to a National Association of Home
Property tax revenues jumped 5% in 2025 Read More »
The Trump administration has promised to keep Fannie Mae and Freddie Mac’s implicit government guarantee in any immediate plans for them, but not everyone agrees it should be taken for granted. Processing Content A panel of government-sponsored enterprise reform veterans who saw Fannie and Freddie go into conservatorship back in 2008 reminded attendees of this
AEI panel: GSEs have never paid for their guarantee Read More »
The 10-year Treasury yield continued its wild movements based on alternating headlines on the Iran conflict, but as a result mortgage rates ended the week 16 basis points higher, Freddie Mac found. Processing Content The 30-year fixed rate mortgage reached 6.38% for March 26, up from an average of 6.22% one week earlier, the Freddie
Mortgage rates now at highest point since September Read More »
February’s low mortgage rates, when the 30-year fixed fell below the 6% mark, helped to improve homebuyer’s ability to afford the payments on their purchase, the Mortgage Bankers Association found. Processing Content During the month, lenders were offering loans priced under 6%, with the industry average at 5.98% for the week of Feb. 26, according
Lenders: Chase affordability gains before rates climb further Read More »
The mortgage industry has generally supported Fannie Mae and Freddie Mac’s more flexible roof insurance requirements for all single-family mortgages, but some condo market stakeholders have questioned certain other changes announced alongside it. Processing Content First flagged by a community lenders group shortly after the insurance rule-change came out, there have been a growing number
Condo lenders push back on Fannie, Freddie rule changes Read More »