Mortgages

The 30-year average dropped for the first time in four weeks after surging more than 70 basis points earlier in the month.

Most distressed borrowers who obtained adjustments to their payment amounts saved more than 20% in the first quarter, according to the Federal Housing Finance Agency.

Climate change is increasing the frequency of wildfires, hurricanes and severe winter storms; yet in areas most vulnerable to them, property value growth exceeds the national average, a new report finds.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

Overall mortgage volumes flattened last week, but average loan amounts, particularly for purchases, are shrinking according to the Mortgage Bankers Association.

The partnership, which is expected to ease lending for bank statement loans, comes as the non-QM sector runs into headwinds.

The package of Fannie Mae, Freddie Mac and Ginnie Mae MSRs has some unusual geographic concentrations and a nearly 2.63% delinquency rate, including foreclosures.

The newly revealed victims were affected by the previously disclosed cyberattack, which went undetected for 41 days between September and December.

The transaction formalizes the relationship started by a January investment in both companies by LLR Partners.

High mortgage rates and high prices are starting to slow down the market. Still, tight inventory is keeping values high.

Mortgages rates are at the highest since 2008, making borrowing more expensive, but could moderate demand and eventually ease price pressure.

The median prices for the most sought-after metro areas were on average $128,000 lower than in the city the buyer was leaving, Freddie Mac's study of Loan Product Advisor data found.

In the states with the largest share of LGBTQ+ couples, homes cost $116,000 more on average than the states with the lowest share, according to a LendingTree report.

Also: UWM offers deep discounts, no fix in Congress for flood insurance program, home flipping profits decline

UpEquity reportedly saw its growth projections decimated by the cooling refinance market and terminated positions in anticipation of a tepid fundraising environment.

For the 10th consecutive week, the brokerage’s Demand Index declined, this time by the largest share in over two years.

Foreclosure starts also fell, coming in below pre-pandemic pace, according to Black Knight.

The rise comes as some homebuyers are worried about even higher borrowing costs. Still, homebuilder sentiment sank further to a two-year low.

The company was an aggressive buyer of rentals during the pandemic, but it is reversing course as the housing market cools.