Mortgages

With home prices also climbing up faster than expected for the time of the year, median new loan payments headed higher by more than 2%, according to the Mortgage Bankers Association.

Yields on the benchmark 10-year Treasury also rose in the past week as bond and note auctions got tepid responses from investors.

Fears that foreclosures and abandoned property rates could spike once Covid-19 moratoriums ended have not come to fruition, Attom Data Solutions said.

The Federal Housing Administration's clarification addresses interpretations of an 8th U.S. Circuit Court of Appeals decision that increased industry costs.

An uptick in interest rates kept borrowers on the sidelines, as both purchases and refinances dropped, the Mortgage Bankers Association said.

Over 54% of borrowers with a mortgage say they only got one mortgage offer, a LendingTree survey said.

If approved by the Federal Housing Finance Agency, the program will not lead to large amounts of home equity being extracted, nor is it mission creep, wrote Keefe, Bruyette & Woods analyst Bose George.

Unusual spikes in property taxes and insurance in many areas are causing servicing concerns that mortgage companies may not be used to managing.

Amid numerous late payment improvements, foreclosure sales and prepayments ticked up.

Prices in a measure of 20 cities increased 7.4% from a year earlier, larger than the 7.3% annual gain in February, an S&P CoreLogic Case-Shiller index shows.

Gen Z is buying homes at higher rates than previous generations, and finding creative ways to save money in the process.

A pair of recently created consulting firms seek to shift lender thinking to make compliance a front-of-mind target, not merely a cost center.

Despite a recent warning about an uptick in prepays, FHA seems to be leaning in the direction of adopting changes that will increase them, writes the chairman of Whalen Global Advisors.

Companies are seeing evidence of income falsification, which previous research shows is the most common type of fraud or defect risk.

Former Federal Housing Finance Agency Director Mark Calabria may return, but analysts told an industry meeting someone else is more likely in line for the role.

But some of the financial damage lenders have on mortgage originations comes from their own disclosure errors, Intercontinental Exchange added.

The 10-year Treasury yield, one of the mechanisms used to price 30-year fixed rate mortgages, is higher than where it was one week ago.

Fannie Mae called out AI's potential to end defects as Freddie Mac sought to spur current loan-quality tool use by quantifying benefits at an industry meeting.

Professionals also must grapple with the issue of wanting liquidity on assets in an era of low production.

Fannie Mae economists suggest home sales will remain resilient amid anticipated dips in both home loan volume and consumer spending.