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The industry leader is the third wholesale competitor to allow larger mortgages months ahead of the government's official announcement.

Fannie Mae's economists are pessimistic about the future for existing home sales, reducing its purchase volume outlook in both 2024 and 2025.

U.S. housing starts bounced back in August after tumbling a month earlier, illustrating uneven residential construction as builders weigh inventory levels against brighter demand prospects tied to falling borrowing costs.

Refinance activity is up 127% year-over-year as interest rates dipped closer to 6%.

A blog post from the Consumer Financial Protection Bureau cited data from the pandemic refi boom to show Blacks and Hispanics had limited opportunity to drop their interest rate.

Changes to the Manufactured Home Construction and Safety Standards include allowing the building of two-to-four family units on a permanent basis.

The equity infusion into a multimillion-dollar vehicle for co-investment in mortgage servicing rights suggests there may be continuity in a trend as rates shift.

The defendant is accused of defaulting on several properties, bought alongside partner companies with names like Satan or Lucifer Management Corps.

Confidence among U.S. home builders rose in September for the first time in six months, just before the Federal Reserve is expected to cut interest rates from the current two-decade high.

Sen. Tim Scott's housing bill calls for Congress to play more of a role in reviewing public intervention in housing while reforming or expanding certain programs.

Also, Opendoor adds former Fannie Mae president to board, NFM promotes social media influencer and the Mortgage Bankers Association names its new director of member relations.

Asked about inflation risks ahead, she pointed to the impact of housing on the consumer price index, describing it as the "stickiest piece." Stripping out housing, the U.S. consumer price index is only rising about 1.8%, she said.

More "Airbnb-style" rental property loans are making their way into non-qualified mortgage securitizations and could they be acting differently from the traditional non-owner occupied loans, a Standard & Poor's report asks.

Tim Ryan, who joined the megabank in June, will work with COO Anand Selva to oversee enhancements to Citigroup's data integrity systems, according to a memo.

The government will also begin allowing mortgage default insurance on homes worth up to C$1.5 million ($1.1 million), an increase from the current cap of C$1 million.

The new threshold comes months ahead of the Federal Housing Finance Agency's formal announcement.

Federal Reserve Vice Chair for Supervision Michael Barr conceded major points to the industry on last year's capital reform proposal. But how regulators will approach other reforms in light of that experience is uncertain.

The top five lenders averaged more than $20 billion in mortgage originations through May.

The lynchpin to this is what Rocket management calls its "Super Stack" artificial intelligence technology.

The legacy technology will be retired on October 31, 2025, ICE said.