The 30-year fixed-rate mortgage rose five basis points from last week to 6.22%, while the 15-year rate increased nine basis points to 5.50%
The publicly traded company will become privately held as part of the all-cash servicer-lender acquisition, with a $20-per-share payout to common stockholders.
A pair of mortgage technology providers are bringing out tools to increase customer retention rates among servicers and originators.
The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.
A federal judge recommended that an enhanced real estate reporting requirement, which could send paperwork and costs soaring next year, remain intact.
-
A "spike in unusual traffic" caused service degradation for the infrastructure giant, disrupting digital banking for customers.
-
The billionaire and legacy government-sponsored enterprise investor says there is a quick interim fix and they should eventually leave conservatorship.
-
The multi-year, $100 million agreement will allow users to take financial actions without leaving the ChatGPT app.
-
The average loss from the two categories is almost seven times higher than the mean amount for all other types, according to research from ALTA and Milliman.
-
Independent mortgage bankers were in the black for each loan originated during the third quarter, as low rates brought an application surge in September.
-
Continuing claims, a proxy for the number of people receiving benefits, came in at 1.957 million, up slightly from 1.947 million in the prior week.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- Origination BulletinDelivered Every WeekdayHeadlines, marketing tips, and opinions for loan officers and origination sector professionals.
- Servicing BulletinTuesday, ThursdayInsights and perspectives for the mortgage servicing professional.
- Technology BulletinThursdayA roundup of the latest headlines and opinions on the mortage technology sector.
-
The administration is sending conflicting signals on whether it has a plan to overhaul the housing finance system, further complicating an already complex debate.
-
Ginnie Mae should not overreact in supervising smaller, more diversified mortgage bankers, but rather scale its approach in line with the concentration of risk that different-sized servicers pose.
-
Why now? Will it work? How will their rivals respond? The megadeal between the two East Coast regionals offers up plenty of grist for speculation.
-
ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
-
ON-DEMAND VIDEOWith 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
-
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.
-
Partner Insights from Figure -
Partner Insights from Figure -
Partner Insights from Figure - Partner Insights from Hyland
