Mortgages

A West Virginia homeowner is suing the banking giant for charges incurred when paying by phone, claiming breach of contract and violation of consumer protection laws.

Originations in the government-insured market also have been higher following the reduction in the Federal Housing Administration's premium.

Households saw an average annual decrease of $5,400 earlier this year, but recent price trends point to some of that value returning, according to a new CoreLogic report.

Federal bank regulators issued proposed guidelines for banks and other mortgage lenders to craft policies around reconsideration of value requests. The move is the latest aimed at rooting out bias in home appraisals.

But Zillow's rate tracker came in flat, while Optimal Blue's rose 10 basis points from its low last Thursday.

Approximately 320,000 properties valued up to $256,000 are missing from the market, a report from the National Association of Realtors and Realtor.com found.

More than any real world problem posed by IMBs, it is the government in all of its manifestations that poses a significant risk to the world of mortgage finance and the housing sector more generally, writes the Chairman of Whalen Global Advisors.

The bill would update mortgage revenue bonds and credit certificates, which are both administered by housing finance agencies.

The top five lenders wrote a combined total of more than $34 billion in home loans during the quarter.

A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.

But activity is still very low, as just 1% of the market is in the position to refinance thanks to high interest rates, Keefe, Bruyette & Woods said.

The GOP has launched multiple proposals with this aim and a trade group is specifically backing an expansive one from Rep. Warren Davidson, R.-Ohio.

In 2026, Christine Chandler will join a small but growing number of women that will have occupied the organization's top slot.

Government-backed activity, though, managed to grow, which helped to shrink purchase-loan sizes to their smallest in over two months, the Mortgage Bankers Association said.

The government-sponsored enterprise has been using a predictive Jupiter Intelligence score suite to review its more than 17 million residential mortgage-related assets.

Construction activity in smaller cities also saw a significant annual decline, according to the National Association of Home Builders.

Jennifer Schachterle will oversee the Home Loan bank's relationships with nearly 330 members. Two former members — Silicon Valley Bank and First Republic — failed this year, and consolidation has also thinned its ranks.

The Berkshire Hathaway unit first invested in the underwriter in May 2022. Previously it was wholly owned by Realogy.

Wells Fargo is pursuing private mediation to settle claims of widespread discrimination against Black homeowners by denying them lower interest rates through refinancing and forcing them to pay more for loans.

Worries about unknown future expenses and the state of their own finances are also causing anxiety for over 80% of U.S. consumers, according to new research from BMO.