Origination

Home equity loans

Almost half of mortgaged homes in U.S. now considered equity-rich

Even with the cooling housing market, the percentage of equity-rich properties will keep increasing.

August 5
Technology

6 reasons to watch the digital mortgage space

NMN rounds up the latest technology launches and partnerships between fintechs and lenders.

By Courtney Hoff Dockerty
Writer, Growth Content

August 5
Commercial banking

FDIC promises more scrutiny of banks' commercial real estate loans

The agency acknowledged that loan performance in the sector has been strong, but cited several reasons to think that might change, including rising interest rates, the effects of inflation and uncertainty about the future of work and commerce.

By Kevin Wack
Banking Editor

August 4
Freddie Mac HFA Advantage® Mortgage Provides an Attractive Option for Qualified Homebuyers

Potential first-time homebuyers continue to look for ways to achieve affordable homeownership, particularly as house prices rise. Housing finance agencies (HFAs) can be a powerful resource for lenders serving very low-, low- and moderate-income aspiring homebuyers, including first-time homebuyers. Learn about the HFA Advantage mortgage, created specifically for HFAs, and its new features and expanded eligibilities.

Partner Insights from Freddie Mac Single Family
Severe Weather May Inspire Many to Move

When severe weather events occur, they may be powerful enough to destabilize infrastructure or destroy homes. People are resilient, but severe weather can place financial and emotional strain on homeowners. If the frequency and severity of these events continue, it may cause many homeowners to reconsider their housing situation entirely. Get additional insights from a recent Freddie Mac survey.

Partner Insights from Freddie Mac Single Family
Co-Buying a First Home: A Look at Buddying Up to Buy

Helping first-time homebuyers is an increasing conundrum in a housing landscape fraught with frustration. One way some have approached homebuying is to pool financial resources and purchase a house with a group of friends or family members. Mortgage professionals working with buyers considering this scenario should be mindful of sharing both the benefits and the potential pitfalls of this creative arrangement. Learn more.

Partner Insights from Freddie Mac Single Family
Federal Reserve

Fed leaders pledge tough fight to keep inflation credibility

Rates are expected to increase to 3.75% to 4% by the end of the year, and it's anticipated to stay high for longer.

August 4
Originations

Mortgage rates fall back below 5%

The 30-year average has declined by 55 basis points in two weeks.

By Spencer Lee
Technology Reporter

August 4
Originations

Lower adds Honor Home Loans as private-label retail group

The Tennessee-based originator is now a private-label retail group, which has branches in Alabama and Kentucky in addition to its home state.

By Brad Finkelstein
Originations Editor

August 3
Originations

Mortgage volumes increase for first time in a month

Refinances inched up 2% as interest rates dipped, but accounted for only 31% of activity, compared to two-thirds a year ago.

By Spencer Lee
Technology Reporter

August 3