Mortgages

The amount of income needed to make monthly mortgage payments are declining and approaching a key affordability benchmark, the National Association of Realtors found.

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.

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.

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.

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.

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.

The company plans to increase investments in its proprietary products as well as marketing initiatives with expectations of originations growth next year.

Value adjustments to Guild's MSRs totaled a loss of $145.8 million, the nonbanks third quarter earnings show.

Yields on both 10-year and 2-year Treasurys moved significantly higher after the Trump election victory and that's bad news for mortgage rates going forward.

Trump's return to the White House is reviving the prospect of preferred stockholders getting some money back after the U.S. took control of the agencies during the 2008 financial crisis to keep the housing market from collapsing.