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September 2025

De-risking the MLS: CEOs say consumer friendliness is the best line of defense

CMLS, HWmember, MLS, MLS/Associations, NorthstarMLS, northwest mls, Real Estate, SmartMLS /

The legal teams at multiple listing services (MLS) have been getting quite the workout over the past few years, first with the commission lawsuits and more recently with lawsuits related to Realtor association membership and MLS access. Given these circumstances MLSs are naturally looking for ways to lower their legal risk portfolio, with “derisking” being […]

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Mortgage Rates Slightly Higher After Upbeat Economic Reports

Uncategorized /

Thursday was the first day of the week with any meaningful economic reports. This is important to mortgage rates because economic data influences the bonds that determine day-to-day changes in rates.  In general, stronger data is bad for rates and today was no exception.   While today’s GDP data was for Q2 (and thus fairly stale),

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Rate, Crosscountry latest to boost conforming limits early

Marketing, MARKETING TO BORROWERS, Originations, Secondary markets, Underwriting /

Two more lenders have joined the parade of early conforming loan limit boosters, Crosscountry Mortgage and Rate. They join United Wholesale Mortgage and Pennymac in being willing to underwrite loans up to $819,000 for future sale to Fannie Mae and Freddie Mac. Of the major lenders who have done so in the past, only Rocket

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Youthful cities to benefit more by falling mortgage rates

Housing markets, Industry News, Mortgage Rates, Originations /

Cities with younger, more mobile populations are set to benefit more from sinking mortgage rates, a new Realtor.com report found. More than 80% of existing mortgages have a rate of 6% or lower, meaning as rates approach similar levels, more homeowners will be brought back to the market. This especially is true in metros with

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Mortgage payment levels see fourth straight monthly drop

Home Prices, Housing affordability, Mortgage applications, Mortgage Bankers Association, Originations /

Home buyers saw hints of easing affordability throughout the summer, as mortgage payment levels dropped month to month, but prices and inventory still prove to be formidable obstacles.  The median payment on new mortgage applications in August came in at $2,100, a 1.3% decrease from July. August’s number still clocked in 2.1% higher compared with

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Mortgage rates rise after FOMC’s decision

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates increased this week as investors digested all the commentary from the September Federal Open Market Committee meeting. The yield on the 10-year Treasury, one of the benchmarks used in pricing mortgages, was at 4.19%, after closing Wednesday at 4.15% and at 4.1% on Sept. 18, the day after the FOMC meeting. On Sept.

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Federal Reserve Bank of Kansas City President Jeff Schmid

Fed’s Schmid: Monetary policy is “where it needs to be”

Federal Reserve, Interest rates, Monetary policy /

Kent Nishimura/Bloomberg Key Insight: Federal Reserve Bank of Kansas City President Jeff Schmid said he supported a 25 basis point cut to interest rates in September as a precautionary measure, but thinks that going forward the central bank should continue to focus on cracking down on inflation. Expert Quote: “I view the current stance of

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Letitia James mortgage fraud probe is moving ahead at DOJ

Enforcement, Mortgage Fraud, Politics and policy /

The U.S. Justice Department is pushing ahead with its investigation of New York Attorney General Letitia James over mortgage fraud allegations after President Donald Trump demanded the case move forward, according to people familiar with the matter.  The case is still being pursued through the U.S. attorney’s office for the Eastern District of Virginia in

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New York records first criminal conviction for deed theft

Fraud, Housing markets, Law and legal issues, Title insurance /

New York recorded its first criminal conviction under a new deed theft law, securing a guilty plea from a real estate agent.  Oscar Dais pleaded guilty Wednesday to stealing a Rockland County homeowner’s property by forging her signature, New York Attorney General Letitia James announced. The agent committed forgery and violated the Home Equity Theft

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