Mortgages

The contract rate on a 30-year mortgage dropped 8 basis points to 6.32% in the week ended Nov. 28, which included the Thanksgiving holiday, according to Mortgage Bankers Association data released Wednesday.

Declining issuances since 2022 led to a request for information regarding the future direction of the reverse mortgage program, and NRMLA and MBA responded.

Decision makers have voiced support for lower financing costs but researchers have said achieving it could be complicated. Part 3 in a series.

In the New Jersey case, MV Realty and its principals agreed to pay $28 million in fines and restitution for these "Homeowner Benefit Agreements."

Absolute will add Fidelity Digital Mortgage's 55 producing loan officers to its team of roughly 190.

Billions in home equity sit untapped as second-lien loans struggle to gain traction, writes the chairman of Whalen Global Advisors.

Flood Quotes and the Flood Insurance Portal allows users to compare quotes and purchase policies directly through the platforms.

The NPLA Watchlist helps lenders, brokers and service providers spot borrowers who may pose added risk.

What developments around rent reporting and new credit standards portend for mortgage companies. Part 2 of a series on government-sponsored enterprise changes.

Planet Home Lending, helped by growing recapture and distributed retail volume, did 64% more originations in the third quarter than one year prior.

Housing affordability will improve by 3% next year, according to First American's September Real House Price Index.

Federal Reserve bank supervisors are monitoring community and regional banks' commercial real estate portfolios amid concerns over "lower commercial property values," the agency said. 

Fortress has been one of the most active home equity investment firms in November, investing $1 billion in Cornerstone.

Big-picture plans for the government-sponsored enterprises get the spotlight, but other issues may affect the industry more directly. Part 1 of a series.

If cumulative loss or a delinquency trigger event is in effect, then the deal will distribute principal among the class A notes before any principal allocation the class M1 or class B certificates.

After three consecutive weeks of increases, the 30-year fixed mortgage rate dropped 0.3 basis points to 6.23% this week, according to Freddie Mac.

Non-banks tracked by Morningstar DBRS reported combined net income of $367 million for the third quarter, down from $807 million three months prior.

Years ago, the Federal Housing Administration helped finance thousands of loans for manufactured housing. An effort to restart that program would help millions of Americans afford their own homes.

House Democrats argue that HUD's cut to the Continuum of Care Program could push 170,000 people to homelessness.

The Mortgage Bankers Association's index of home-purchase applications jumped 7.6% to 181.6 in the week ended Nov. 21, data from the group showed Wednesday.