Mortgages

The president-elect's Cabinet nominee, Scott Turner, committed his support for affordable housing but also said he would examine the effectiveness of all HUD programs.

The non-QM segment industry-wide had a 25% increase in issuance dollar volume during 2024 as market conditions for private-label securitization were better.

The 30-year fixed rate mortgage topped 7% for the first time since last May, although late in the week, the 10-year Treasury peaked before reversing course.

The FCC is advising homeowners nationwide to stay alert for scam calls impersonating their mortgage lenders, particularly if they have applied for loan relief.

A former NFL player and representative in the Texas Legislature, Turner served in the first Trump term to lead development in "opportunity zones."

Without admitting wrongdoing, Equifax agreed to pay $725,000 because of a three-week error which lowered credit scores for 77,000 New Yorkers.

Consumers showed great interest for both purchases and refinances in the first holiday-free week of the year, breaking the cold streak that closed 2024.

Financial profiles of borrowers in the coastal areas where insurance coverage is required vary significantly from at-risk homeowners inland, CFPB's analysis found.

The Federal Housing Administration mortgagee letter finalizes a draft put out for comment in November on the inclusion of rental payments from a boarder.

Los Angeles already had a housing affordability crisis before devastating wildfires burned entire neighborhoods to the ground. The disaster is making it worse. 

The lenders with similar production volume combined their branch network on opposite sides of the country.

Californians have paid relatively less for coverage than homeowners in the storm-stricken Midwest and Southeast regions, according to Intercontinental Exchange.

The top five banks had a combined unpaid principal balance of nearly $1.8 trillion at the end of the third quarter of 2024.

San Jose, California, is the most expensive city with a median home price of $1,528,500, while Detroit is the least, with a median home price of $192,000.

The Department of Justice argues that mortgage lenders, including Rocket Mortgage, should be held accountable for the work of third-party appraisers.

The wildfires are expected to have a limited effect on loan pricing and delinquencies, but other expenses could rise, adding to the cost of a mortgage.

The Department of Housing and Urban Development did not assign any fault or liability in conjunction with the "historic" settlement.

The top five banks had a combined servicing value of more than $25 billion at the end of the third quarter.

California's governor previously prohibited price gouging for building materials and housing services after wildfires destroyed or damaged 12,000 structures.

For those unsettled by the relentless rise in government bond yields in the US and across much of the world lately, the message from markets is getting clearer by the day: Get used to it.