A mostly flat December jobs report points to more of the same for housing and mortgage markets. Processing Content The U.S. added 50,000 non-farm payroll jobs last month, while the unemployment rate came in at 4.4%, according to the Bureau of Labor Statistics. The numbers edged down from 64,000 new jobs in November and a […]
Latest jobs report quashes rate cut expectations Read More »
Insurance-in-force growth at the government-run Federal Housing Administration will continue to outpace its private counterparts going forward because of the current state of the housing market, a Keefe, Bruyette & Woods report said. Processing Content The market share (based on IIF) split between the two products has been narrowing since the third quarter of 2022.
FHA usage will continue to outgrow private MI in 2026 Read More »
Housing starts in the US fell in October to the lowest level since the onset of the pandemic as data delayed by last fall’s government shutdown showed builders continued to cut back amid still-high prices and mortgage rates. Processing Content New residential construction decreased 4.6% to an annual rate of 1.25 million homes in October,
US housing starts fall to lowest level since May 2020 Read More »
New York is the latest state to implement a nonbank Community Reinvestment Act, with laws already in place in Massachusetts and Illinois and one pending in New Jersey. Processing Content While it will be a compliance burden for these lenders, at least one nonbank executive also thinks it is an opportunity. A regulation has been
New York joins states imposing CRA on nonbank lenders Read More »
Mortgage rates are starting 2026 marginally higher, according to Freddie Mac, with many observers expecting them to approach and possibly even move below the 6% barrier. Processing Content “In the first full week of the new year, mortgage rates remained within a narrow range, hovering close to the 6% mark,” said Sam Khater, Freddie Mac’s
Conforming mortgage rates should remain around 6% in 2026 Read More »
Loan credit availability increased from a year earlier but finished 2025 at its tightest in three months, as conforming products in particular took a notable dive, according to the Mortgage Bankers Association. Processing Content Across-the-board pullbacks, led the MBA’s mortgage credit availability index to drop 2.6% in December to a reading of 104.7 from November’s
Mortgage credit slips from peak as conforming products retreat Read More »
Guild Mortgage will be using Loanlogics’ LoanBeam NQM to assist in underwriting its non-qualified mortgage production by automating the income analysis process. Processing Content “Non-QM mortgages create greater potential for lender error due to the unconventional financial profiles of borrowers who don’t typically meet standard income, employment or credit criteria,” said Dave Parker, Loanlogics’ CEO,
Guild uses LoanBeam to speed non-QM income underwriting Read More »
United Wholesale Mortgage is running a pricing promotion in honor of its 40th anniversary. Processing Content Under this latest program, UWM 40, mortgage brokers have a 40-basis-point pricing incentive through the end of February on conventional, Federal Housing Administration, Veterans Affairs and U.S. Department of Agriculture mortgages. It can be applied to purchase loans as
UWM offer pricing promo to brokers for its 40th anniversary Read More »
Walker & Dunlop is partnering with Pretium in a $250 million commitment to affordable multifamily housing. Processing Content Walker & Dunlop Affordable Bridge Capital, the joint venture, will originate flexible, short-term first-mortgage bridge loans for properties being acquired, refinanced or prepared for long-term government-affordable programs, such as low-income housing tax credit, Section 8 and tax-exempt
Walker & Dunlop, Pretium launch $250M affordable JV Read More »
Loan-origination software provider Meridianlink reached a deal for an integration with Optimal Blue that aims to streamline processes and offer competitive pricing in secondary market sales for lenders. Processing Content With the integration, mortgage customers using Meridianlink’s LOS will gain access to Optimal Blue’s product, pricing and eligibility solutions in real time directly through the
Optimal Blue, Meridianlink to integrate pricing, LOS tools Read More »