Origination

The 30-year fixed rate mortgage continues to close on the 7% mark. With political uncertainty and the U.S. economy remaining strong, it could keep going up.

A trio of blazes in SoCal have destroyed over 2,000 homes and structures in neighborhoods with average property values well above the national average.

Metros with more jobs for every new home permitted ranked highly on the list, while average home prices were a smaller factor.

In the US, the 10-year Treasury yield rose as high as 4.73% Wednesday, pushing it toward the 5% peak hit in October 2023, before pulling back down.

The real estate investment trust also announced changes to its Sequoia correspondent platform as it seeks to elevate the unit's branding in 2025.

Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt.

Purchase and refinance activity declined last week as buyers shied away from the market over the holidays.

The acquisition adds proprietary mortgage-origination software to the company's loan operating system, now called LowerOS.

Slowing home price appreciation caused Milliman's mortgage default index to increase from quarter to quarter.

The U.S. will see between 3,000 to 4,000 such organizations begin to form in 2025, representing a jump from the year-end 2024 total.