Mortgages

The top female loan originator in the mortgage industry logged $186.5 million in dollar volume over the course of 2024.

Purchases of new single-family homes increased 11% last month to a 743,000 annual rate, the highest level since February 2022, according to government data.

Rapidly rising tuition and housing costs both contributed to lower homeownership rates and a more than twofold surge in student debt in under 15 years.

The top five lenders had an average mortgage origination volume of more than $43 billion at the end of Q1.

The 14.3% rate for deals withdrawn in any April is the highest level other than in Covid-impacted 2020, as homebuyers reexamine the market, Redfin said.

Yields on the 10-year Treasury have been climbing because of the Moody's U.S. downgrade, the tax bill under debate in Congress and possible GSE reform.

The increase reflects a broader trend that rating agency analysts are watching closely as depository ties to other types of financial institutions grow.

The number of major housing markets with annual home price declines is the largest since late 2023, when average mortgage rates were above 7.5%.

The unexpected drop to the slowest pace in seven months was driven by ongoing affordability constraints and is a lackluster start to the Spring selling season.

Panelists at the Mortgage Bankers Association's conference credited investors for helping create the conditions strengthening performance of non-QM portfolios.