Origination

New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.

Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.

A fresh jump in oil prices on Thursday lifted five- to 30-year Treasury yields to new multiyear highs, with the 30-year rising to levels just shy of 5.5%, the highest since 2004.

Freddie's 30-year hit 7.03%, first above 7% since Jan. 2025, as 10-year yield tops 5.1%. ARM share jumped to 9.8%; lenders should pitch ARMs to keep payment-sensitive buyers.

On a day when the 10-year Treasury hit levels last seen in 2007, the Community Home Lenders of America celebrated an X post by Bill Pulte on increased MBS buys.

The Interlock group allegedly seized over 2 terabytes of data from NFM Lending, including its Encompass data, employee files and other internal information.

The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.

The losses in the US Treasuries market intensified on Wednesday as robust economic data and a weak auction drove yields across most maturities to the highest levels in almost two decades.

The contract rate on a 30-year fixed mortgage rose 15 basis points to 7.12% in the week ended Sept. 18, according to Mortgage Bankers Association data released Wednesday.

Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.