A housing official renewed his call for credit bureaus to address lenders' concerns. Low pull-through magnifies a cost that's small relative to others.
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%
While overall performance looks solid, the data shows the weight of economic concerns may be weighing on some borrowers, the Mortgage Bankers Association said.
Treasuries sold off sharply after reports Danish pension funds are exiting, steepening the yield curve as stocks fell and gold surged, according to the CEO of IF Securities.
Billy Abrams is in Correspondent Business Development at AD Mortgage and is the CEO of IF Securities. Abrams has experience in commodity futures and options brokerage and trading, as well as in institutional fixed-income sales and trading. His product experience includes repo, treasury, agency, corporate, MBS and derivatives. Prior to joining AD Mortgage, for more than a decade, he worked exclusively with mortgage originators, helping them to hedge with TBAs.
-
President Trump's concept, which is framed as a potential bipartisan effort, could mean a new route to a goal Dems targeted via foreclosure sale restrictions.
-
The rule, effective July 7, puts into place requirements similar to those for banks, except nonbanks do not have to make community investments or grants.
-
US President Donald Trump said he was directing the purchase of $200 billion in mortgage bonds, which he cast as his latest effort to bring down housing costs ahead of the November midterm election.
-
Yields across maturities were higher by less than three basis points after rebounding from session lows.
-
The 30-year fixed remains in its current range, but most expect the rate to reach 6% for 2026, and one observer feels it could actually break under this point.
-
Across-the-board decreases across all loan types drove the Mortgage Bankers Association's full credit availability index to its lowest in three months.
- 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 country's largest banks should deepen partnerships with minority depository institutions and community development financial institutions, and regulators should facilitate that process.
-
After 90 years, it is time to examine whether the system is still fulfilling its intended mission to provide liquidity for its members to make mortgages.
-
Financial downturns hit lower-wealth communities first and cause them to suffer the longest.
-
Mary Mack, who heads Wells Fargo's consumer banking and small business division, talks about the challenges of reforming a bank's culture from the inside, the rise of women in the banking industry and reaching customers who need their services the most -
City National Bank CEO Kelly Coffey talks about what she’s doing to create a more transparent and supportive workplace, as well as the challenges of expanding during a pandemic. -
Bank of America's Managing Director for Small Business Sharon Miller led the company's involvement in the Paycheck Protection Program, which produced more than 343.000 loans, most in the country.
-
Partner Insights from CoreLogic -
Partner Insights from CoreLogic -
Partner Insights from CoreLogic -
Partner Insights from Tavant Technologies
