Mortgages

In October's mortgage roundup, learn more about Fairway's legal battles over redlining and overtime shortcomings, the Federal Housing Finance Agency's updates to rules on appraisals and waiver access and more.

The Federal Housing Administration reported a 96 basis point increase in its capital ratio for fiscal year 2023, and lenders want more changes to the program.

Homeowners in recent years strayed from cash-out refinances and home equity loans despite their greater financing power.

Private-label securitization volume increased 75% this year versus 2023; conditions are right for that to continue, KBRA said.

Mortgage rates have stopped the run of increases following the September Fed meeting but consumers are not likely to notice.

Lower rates during the period helped independent mortgage bankers make money on their originations but they posted losses on servicing.

Freedom Mortgage CEO Stan Middleman weighs in on the Fed, servicing policy, and broker-to-banker moves as he comments on challenging career experiences in his new biography.

A Pennsylvania federal judge ruled that HUD's handbook allowed, but did not require servicers to offer partial claim workarounds in tandem with funds from HAF.

New Mexico is the state least wanting to refinance, with 369.38 keyword searches per 100,000 people.