Mortgages

The average interest rate for the 30-year loan rose for the fifth consecutive week, according to Freddie Mac, but Treasury yields did move lower.

Ishbia, chief executive officer of mortgage giant UWM Holdings Corp., in February completed the $2.28 billion purchase of a 57% controlling stake in the National Basketball Association's Suns and the WNBA's Mercury, a deal that valued the teams at $4 billion.

Removing the requirement for the seller to pay the buyer's broker will make financing more difficult to get for certain groups.

Numbers the Federal Housing Finance Agency just reported for 2022 were the third lowest since the program began, and this year's probably won't be high either.

Proceeds from the sale of assets to Oaktree Funding would be used to pay off debt to warehouse lenders

As housing-industry groups sought relief from the Federal Reserve, overall loan-application volumes eked out a weekly gain last week thanks to ARM activity, the Mortgage Bankers Association said.

The Federal Reserve Governor's remarks sounded somewhat less hawkish than her comments on Oct. 2, when she said multiple rate hikes would likely be needed to contain price pressures. 

The current Treasury yield curve is leading homeowners to pay mortgage rates at least 120 basis points more than they should, equal to an extra $245 a month on a $300,000 loan, their letter said.

The shape it takes could have implications for how Fannie Mae and Freddie Mac price loans for nonbanks and depositories.

Lenders are rolling out less sensitive products such as adjustable rate loans and non-qualified mortgages.

Top Fed officials are coalescing around the idea that tighter financial conditions after a recent surge in U.S. Treasury yields may substitute for additional increases in their benchmark interest rate.

Should the Federal Reserve step back into the market and restart their loan purchase activity?

One in every 123 purchase applications showed indications of fraud in the second quarter, outpacing the first, the report found.

Homeowners have over $29.3 trillion in combined home equity, yet accessing it is becoming less attractive, Point's report said.

The lender involved is interested in seeing how the newer model works in conjunction with nonconforming mortgages while the government-sponsored enterprises plan broader adoption.

While some observers believe that by year-end, the 30-year FRM would be lower than current levels, chatter about an 8% mortgage exists.

Seventeen companies showed off their latest tech aimed at streamlining the lending experience.

Three top executives, including CEO Kevin McMahon, left the company in the days following its sale to Constellation Software.

Most consumers see their experience in the housing market giving them more pressure than life events like dating or potty training.

The Federal Housing Administration could increase the limits for loans it insures in this market, a congressional oversight agency said in a new report.