By a 2-to-1 margin, responses to our survey question on whether federal regulators should issue underwriting guidance on interest-only and payment-option ARMs opposed the idea.The final tally was 382 in favor of such a move, and 766 opposed. Check out the latest survey question in the left column of the NMN home page.
New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
Rocket Cos. reported an increase in gain-on-sale margin but warned that going forward it is likely to slip back to levels seen in the second half of last year.
The 2022 vintage had a higher percentage of purchase mortgages, as well as 30-year fixed-rate loans versus the 2021 production, an annual Federal Housing Finance Agency report said.
