Even to the detriment of greater profits, the sector is offering ultra-low terms via temporary buydowns combined with larger forward commitments.
For the second consecutive week, the 30-year fixed rate mortgage increased as investors were still sorting through the lack of information due to the shutdown.
The government shutdown added an additional dose of pessimism about the U.S. economy to panelists' outlooks, Wolters Kluwer said in its latest survey.
While Redfin argues the housing market is stuck and First American was cautious, Remax and Zillow had positive observations about the month's sales activity.
The Structured Finance Association is adding its weight to recent support for a Securities and Exchange Commission action that could modernize Reg AB II.
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The economy added an unexpectedly robust 119,000 jobs in September, though unemployment edged up to 4.4%. The report, delayed by the federal government shutdown, continues a trend of sluggish job growth in recent months.
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Finance of America is buying Onity's MSRs and loan pipeline in this niche as PHH retains its role as a subservicer and remains involved in buyout securitization.
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Federal Reserve Gov. Stephen Miran argues that banks holding excess reserves are keeping the central bank's balance sheet bigger than it should be, and suggested that regulatory changes could help bring those reserves down.
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Travis Hill's nomination to lead the Federal Deposit Insurance Corp. was recommended favorably by the Senate Banking Committee to the full Senate Wednesday morning in a 13-11 party-line vote.
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Third-quarter mortgage earnings revealed swings in profitability, but the real story, according to the Chairman of Whalen Global Advisors, is that hedging MSRs is unnecessary for well-managed lenders.
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Mortgage groups want GSEs to buy MBS to lower rates, but the Chairman of Whalen Global Advisors writes that the plan is risky, unnecessary, and poorly timed.
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Several claims in a recent Loan Think column misrepresented how credit scores and resellers work in mortgage lending, according to the president of the National Consumer Reporting Association.
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UPCOMING LIVESTREAMThursday, December 11, 20253:00 p.m. / 12:00 p.m.With the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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ON-DEMAND VIDEOThe mortgage regulatory environment is constantly in flux. Join Firstline Compliance's Josh Weinberg as he discusses how technology can address lender concerns.
