After falling for 5 straight days leading into Tuesday, mortgage rates have now moved slightly higher on each of the past two days. As was the case with the improvement, the bounce back has been exceedingly modest in its pace. In fact, most borrowers will be seeing the same rates today vs last week with […]
Mortgage Rates Drift Slightly Higher Again Read More »
The New York Supreme Court has weighed in on a contractual dilemma Wells Fargo has reportedly faced as a residential mortgage-backed securities trustee with a responsibility to oversee investor payment distributions impacted by unforeseen policy changes. A judge has ruled on how trustees and servicers should handle forborne principal from loans in the now-defunct Home
New ruling answers legacy mortgage bond servicing question Read More »
Getty Images President Donald Trump paid a rare visit to the Federal Reserve Board headquarters Thursday afternoon to confront Fed chair Jerome Powell over cost overruns related to a building renovation project that began in 2022. Trump and other members of his administration have raised the cost overruns related to the Federal Reserve’s renovation —
Trump, Powell tussle over renovation costs in rare visit Read More »
Real estate and mortgage intelligence provider Ingenius announced an acquisition and integration of a new recruitment platform aimed at helping retail branch managers into its own data tools. The Pompano Beach, Florida-based technology firm welcomed the deal that combines SIMPL with Ingenius’ data software. Built by longtime mortgage sales leaders Fobby Naghmi and John Perry,
Ingenius acquires loan officer recruitment platform Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. Bill Pulte, the Director of the Federal Housing Finance Agency (FHFA), announced on July 8, 2025, that Fannie Mae and Freddie Mac would accept Vantagescore 4.0 credit scores for mortgage underwriting. This decision was communicated via Pulte’s social media account on X
Credit scores are not the issue Read More »
Barry Habib, long-time mortgage industry trainer and pundit who is the founder and CEO of MBS Highway, has been named to the Fannie Mae board. Prior to starting MBS Highway, Habib put out the Mortgage Market Guide. He was also an executive at several lenders, including Residential Finance, RPM Mortgage and Certified Mortgage. Outside of
Barry Habib added to Fannie Mae board Read More »
Fannie Mae now projects lower mortgage rates and increased volume for this year and next, raising its home sales expectations from June. By contrast, the Mortgage Bankers Association cut its origination outlook for 2025 in its own July forecast. The MBA’s rate expectations for both this year and next, as well as the 2026 volume
Fannie Mae cuts rate forecast, raises volume outlook Read More »
Sales of new homes in the US remained weak in June as builders’ heavier use of sales incentives failed to motivate buyers put off by high costs. Contract signings on new single-family homes increased 0.6% to an annualized rate of 627,000 last month, according to government data released Thursday. That fell short of the 650,000
New-home sales remain tepid on affordability constraints Read More »
If you’ve been watching the market, you’ve likely noticed a few changes already this year. But what’s next? From home prices to mortgage rates, here’s what the latest expert forecasts suggest for the rest of 2025 – and what these shifts could mean for you. Will Home Prices Fall? Many buyers are hoping home prices
Housing Market Forecasts for the Rest of 2025 Read More »
A new artificial intelligence (AI)-powered platform aimed at simplifying the homebuying process is now available to the public. Further, a startup that’s focused on real estate technology, has officially launched its platform. It includes an embedded virtual assistant, Homebuyer AI, that offers free tools to help users navigate the complexities of purchasing a home. “Buying
AI startup Further launches homebuying platform Read More »