Mortgages

Yields on the U.S. five-year note added as much as six basis points to 4.10% after tumbling a quarter-percentage-point last week. 

Artificial intelligence makes it easy to customize messages and look at loan options but it can present problems if guidelines are overlooked.

The latest plans include details on promoting housing development in underserved areas and increasing secondary market access to rural institutions.

For the second time in the past three weeks, the 30-year fixed mortgage moved lower, but investors want clarity about U.S. economic policy, Freddie Mac said.

The trade group agreed to the settlement in March, which included paying $418 million to settle claims.

Pending sales indexes increased in all four U.S. regions, led by a 4.7% increase in the Northeast to the highest level since early last year.

Despite the latest pick-up in volume, stubbornly elevated interest rates led both the Mortgage Bankers Association and Fannie Mae to recently adjust 2024 and 2025 forecasts lower.

The company, now known as Onity, is challenging a previous interpretation of the Fair Debt Collection Practices Act in the Eleventh Circuit Court of Appeals.

U.S. lumber prices, which already have risen in recent months due to lower production in Canada, could see further gains after President-elect Donald Trump's proposed tariffs on trade from north of the border.

Expanded data shows home prices rose over 5% annually at the end of the third quarter, prompting the FHFA to boost mortgage loan limits accordingly.

The median monthly payment amount for new purchases moved higher for the first time in six months, according to the Mortgage Bankers Association.

New single-family home sales decreased 17% last month to a 610,000 annualized rate, according to government data issued Tuesday.

The Conference Board's gauge of confidence rose 2.1 points to 111.7 this month, data released Tuesday showed.

The three credit repositories are just as responsible as FICO for the third price increase in three years, the group representing credit report resellers argues.

Those who don't retain MSRs or have a buyer agreement accommodating a recapture strategy will face challenges, one panelist warned at an industry meeting.

The Department of Justice suggested that new buyer broker agreements resulting from a National Association of Realtors settlement may violate antitrust laws.

Government securitization guarantor Ginnie Mae got the terms for the popular HMBS 2.0 program across the finish line ahead of a major change in federal leadership.

While what they get for their money is important, it was not the leading reason why home buyers decided to relocate, the National Association of Realtors said.

"If he manages to get through the policies that he's proposing, that will be really bad news," says Desmond Lachman, an economist at the conservative American Enterprise Institute.

Broader parameters for home equity lines of credit are emerging with some safeguards as many low-rate first-lien borrowers keep fueling demand.