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The amount of income needed to make monthly mortgage payments are declining and approaching a key affordability benchmark, the National Association of Realtors found.
November 7
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AI agents can help route tasks and make decisions along the way, but a human in the loop will still be needed to ensure effectiveness.
November 7
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The Federal Open Market Committee is expected to lower short-term financing costs in the wake of volatility that has put upward pressure on mortgage rates.
November 7
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The post-election spike in the 10-year Treasury yield could translate to higher rates for the 30-year fixed rate mortgage in the short term.
November 7
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United Wholesale Mortgage beat its own guidance on originations and gain on sale margins third quarter earninga, helped by an uptick in refinance volume due to lower rates in August and September.
November 7
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FICO's wholesale royalty will be $4.95 per score for mortgage originations, it announced. That's up from $3.25, which is the current cost of a mortgage credit score.
November 7
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If issuers take certain steps to manage their interest rate exposure they could get a break on new nonbank requirements set to take effect soon.
November 7
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At a minimum, president-elect Donald Trump can make two appointments to the Federal Reserve Board of Governors and choose new leadership. But more substantial changes could be in the offing.
November 7
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Experts anticipate a pullback in regulatory action and some potential pain for home builders but long-term interest rate impacts are a major question mark.
November 6
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The company plans to increase investments in its proprietary products as well as marketing initiatives with expectations of originations growth next year.
November 6
