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Mortgage rate dip ignites refi boom in January

LOAN PRODUCTS, Mortgage Rates, Originations, Refinance, Secondary markets, Securitization, Underwriting /

Taking advantage of falling interest rates, largely spurred by narrowing primary-secondary spreads resulting from a White House pronouncement, consumers stepped up rate lock activity, while lenders added products in January, separate reports noted. Processing Content On Jan. 8, Pres. Trump ordered Fannie Mae and Freddie Mac to purchase $200 billion of mortgage-backed securities. This came […]

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Affordability hits 4-year high as rates near 6%

Housing affordability, Mortgage Rates, Originations, Refinance /

Affordability continues to improve in 2026, with home-price growth flattening and mortgage rates nearing 6%. Processing Content Early January declines in rates helped push affordability to a four-year high, as the monthly principal and interest payment needed to purchase the average-priced home dropped 7%, or $164, year over year to $2,091, reducing the share of

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MBA, lenders rally behind Housing for 21st Century Act

Affordable housing, Housing markets, Originations, Politics and policy /

As the House prepares to vote next week on the Housing for the 21st Century Act, mortgage industry groups are lining up in support of a bill that bundles a wide range of changes to housing finance, federal oversight and development policy. Processing Content The Mortgage Bankers Association on Friday urged lawmakers to pass the

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Compass loses bid to temporarily block Zillow listing rules

Home Prices, Housing markets, Originations /

Compass Inc. lost a bid to temporarily block a Zillow Group Inc. ban on listings that have been advertised elsewhere first, after a judge ruled in favor of the home-search site in its legal battle with the largest US real estate brokerage.  Processing Content US District Judge Jeannette Vargas on Friday denied a request by Compass for

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Mortgage licensing ticks up as industry eyes 2026 reset

Industry News, Originations /

After a multi-year contraction, the mortgage lending workforce is seeing its first uptick in licensing since 2022. Recent data from the Conference of State Bank Supervisors suggests the steady exodus of loan officers has finally paused, though the industry remains cautious about expanding headcount. Processing Content A break in the licensing decline As of the

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ICE reports strongest mortgage revenue in over 3 years

Earnings, Industry News, Mortgage technology, Originations /

Profits for Intercontinental Exchange’s mortgage technology operations remained in the black for the third straight quarter, as the company touted its software adoption even as customers adjusted for recent slowdowns in volume.   Processing Content Revenues for the mortgage unit increased to approximately $532 million in the fourth quarter, increasing from $528 million in the previous

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Mortgage rates nudge higher as markets stay jittery

Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates rose again in the first full week following the Federal Open Market Committee’s decision not to reduce rates during its January meeting. Processing Content Following the meeting, Pres. Trump nominated Kevin Warsh, a former Fed governor, to replace Jerome Powell as chairman. Warsh is seen by the markets as someone who is more

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Rocket sues broker over repurchases in case involving UWM

Law and legal issues, Mortgage brokers, Originations, Rocket Mortgage /

Rocket Mortgage is suing a broker for originating loans for his customers with United Wholesale Mortgage days before the Detroit giant funded additional loans for those same borrowers. Processing Content The lender’s repurchase lawsuit, filed Tuesday in Michigan, does not accuse UWM of wrongdoing, nor does it name the company as a defendant.  The complaint

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Lenders anticipate more revenue, but split on hiring plans

CAREER & COMPENSATION, Editorial Research, Originations /

Most lenders expect to make more money this year, but aren’t committing to increase hiring. Processing Content Those sentiments are part of a largely bullish forecast by mortgage professionals in the National Mortgage News Predictions 2026 survey. A combined 84% of respondents said they expect a slight to significant increase in revenue this calendar year

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Lady Gaga featured in Rocket, Redfin Super Bowl ad

Housing markets, Marketing, MARKETING TO BORROWERS, Originations /

Once again Rocket Mortgage will advertise in the Super Bowl, this time featuring Lady Gaga singing a song meant to tug at the heartstrings. Processing Content The megastar will sing “Won’t You be my Neighbor,” the theme song from Mr. Rogers Neighborhood. The company wants to build upon the emotional foundation created with its commercial

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