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The month saw the highest median home sales price ever along with the quickest time ever to sell a new listing.

Mortgage lenders have much riding on a yearslong effort to overhaul a program that requires homeowners to hold policies in flood-prone areas. A congressional panel meeting to discuss the issue was once again split between lawmakers from storm-threatened states and those concerned about government costs.

The agency said it will reconsider the controversial regulation to reform the Community Reinvestment Act, and allow banks to halt efforts to comply with key provisions of the framework.

The rate of new forbearance requests as a share of portfolio volume also dropped to its lowest point since March, the Mortgage Bankers Association reported.

Financial institutions said they needed more time to weigh in on issues such as how they use artificial intelligence for fraud prevention and underwriting.

Numbers fell across the board, with private-label and portfolio loans declining most.

Patience and vigilance are virtues when using certain social media for marketing, writes the CEO of Paragon Digital Marketing Group.

Inflation concerns may reverse the trend that has seen the 30-year rate decline six out of the last seven weeks.

Stock prices for the four stand-alone MI companies have declined significantly since the start of May.

Purchase loan volume also increased, as borrowers tried to take advantage of rate dips across all loan types