Lumber retains protections for now, but construction stocks still fell, and while the initial market reaction lowered rates, there could later be a reversal.
However, both Zillow's and Optimal Blue put the 30-year fixed mortgage lower than where it was seven days prior.
There are people creating a lot of unrealistic scenarios about market risk.
Late-payment rates among U.S. borrowers rose again in the second quarter, according to a report from the New York Fed. The trend reflects a sharp increase in student loan delinquencies, which have been climbing as pandemic-era policies have expired.
The real estate investment trust this spring purchased $147 million of loans including HELOCs, completed two securitizations and closed a senior note offering.
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The states with the highest percentage of non-current mortgage loans had an average year-over-year change of 0.7%, as of March 31.
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Legal and compliance overtook verification issues as the top cause for application defects during the fourth quarter, according to Aces Quality Management.
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Houses in 85% of the nation's metropolitan areas are considered overvalued, with more than half of those by 10% or above, Fitch Ratings found.
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The Trump administration has withdrawn from the Federal Register a proposed rule that sought to protect consumers from having their sensitive financial information sold.
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The closely watched case centers on bank allegations the government corporation promised certain reverse-mortgage assets in return for funding then reneged.
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The plaintiff is asking for a Seattle federal court to postpone the Redfin shareholder vote, scheduled for June 4, until the company disseminates supplemental information curing the alleged omissions in the proxy filing.
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I had a chance to sponsor a hole at our local Realtor golf tournament.
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Some lenders are still operating under the old fix it later mentality.
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We're hearing a lot about underwriting loosening a bit in the residential mortgage world.
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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
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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
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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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