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The 30-year fixed rate mortgage is lingering just shy of 6.5% level, which is not low enough to bring home purchasers back into the market, observers said.

"Despite the modest gain, home sales are still sluggish," said NAR Chief Economist Lawrence Yun in a prepared statement. "But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates."

The Federal Housing Administration's renovation program parameters hadn't been updated in a decade, faling behind similar products from other providers. The Nov. 4 changes will bring it up to speed.

Total mortgage delinquencies dropped but Hurricane Beryl boosted late payments locally and runoff risk surged, Intercontinental Exchange's First Look report shows.

Fay disputes claims it violated servicing laws and a previous order related to dual tracking allegations but agreed to settle without admission of wrongdoing.

A federal judge in Texas ruled the Federal Trade Commission's noncompete ban violates the Administrative procedures Act and exceeds FTC's statutory authority.

Industry economists are now confident about predictions for mortgage rate movements through the end of next year; the question is if that translates to increased home sales.

Following a breach at National Public Data, the National Consumer Law Center recommended consumers consider a credit freeze, but that could also hinder a mortgage applicant's home purchase depending on where they are in the process, an expert says.

Mortgage professionals interviewed say there should be more focus on increasing housing supply.

Purchase applications last week fell to their lowest level since February, the Mortgage Bankers Association reported.

The company is emphasizing wider margins over volume, and leaning into its maturing renovation business.

Without considering the potential of building equity in a property, in 48 of 50 markets renting was better; appreciation flips that to 29 cities in favor of buying, First American said.

A report from the Office of Inspector General disclosed that the Federal Housing Finance Agency issued enforcement actions against two Home Loan banks.

Federal Reserve Gov. Michelle Bowman said she has concerns about an uptick in inflation and will need to see more positive data before supporting an interest rate cut.

From a "dislocation" in single-family servicing to a spike in a multifamily performance indicator, Q2 numbers point to emerging opportunities and risks.

How challenges created by climate change and some regulations related to it can create new avenues for business according to Chief Credit Risk Officer of Planet Home Lending.

The banking giant's sale of the non-agency, third-party portion of its commercial servicing business will boost the buyer's position in the securitized market.

Independent mortgage bankers, for the first time in two years, turned a profit on a per loan basis for their production, the Mortgage Bankers Association found.

A committee representing unsecured creditors are challenging a number of transfers totaling over $10 million that secured creditor Reverence Capital Partners made from AFI's account.

Four companies are fighting CFPB enforcement actions by claiming the agency cannot be funded by the Federal Reserve, which has not been profitable since 2022. The consumer bureau calls the new legal theory "meritless."