Mortgages

Stress tests suggest systemically important depositories could weather current risks. Meanwhile, single-family arrears remain low, but that business could be impacted.

Purchases of new single-family homes decreased 5.6% to a 679,000 annualized pace last month, government data showed Monday.

Financing costs have risen and consolidation has reduced the number of active players. Will policy changes shift the market's course?

Even if the 30-year fixed were to slip further to 6.4%, it is not enough to end the seller's strike, economists said.

Both purchases and refinances saw an uptick in applications, but total numbers are still more than 16% lower from a year ago, the Mortgage Bankers Association said.

This business, tied to the mortgage origination outlook, is becoming ly attractive for 2024, according to BTIG.

Initial industry reactions to the redrafted strategy for reducing distressed borrower payments in a higher rate environment were largely positive.

Some proposed changes to uniform mortgage-backed securities, apartment loans and derivatives will be made while one involving credit reports and scores was pulled.

A complicating factor is that many consumers do not understand how their real estate agent – on either the buy- or sell-side – actually gets paid, Clever Real Estate found.

The former Trump-appointed Federal Housing Finance Agency head offers insights on the road ahead for mortgage lenders and residential real estate at large.

Contract closings decreased 4.1% from a month earlier to a 3.79 million annualized pace, still the lowest since 2010, National Association of Realtors data showed Tuesday.

The Department of Housing and Urban Development's inspector general notes soaring inflation and a rapid increase in interest rates as factors negatively impacting nonbanks and heightening risk for the government guarantor.

News reports of the negative impact to borrowers from the partial claims program's discontinuation, and a letter from Senate Democrats, appear to have prompted the statement.

Thirty percent of single women borrowers were not confident going into the mortgage experience, with a quarter of them claiming not to trust their loan officer, a Maxwell survey found.

Only 65.8% of surveyed households said they would be able to come up with $2,000 if an unexpected need arose within the next month.

The top five cities have an average down payment of $181,282.

Regulatory changes and a dearth of existing new inventory is opening a pipeline of leads in the market, but interest rate pressure cuts into optimism.

Also, Wells Fargo, Finance of America entered into partnerships affecting real estate tax and cybersecurity solutions.

Follow-through has been weak, but there's hope lower mortgage rates could improve conditions, according to new housing reports from Redfin and MBS Highway.