Mortgages

While consumer distress in auto and personal loans also picked up, the pace of growth among mortgages was atypical, Vantagescore's monthly credit gauge said.

Subservicer Cenlar moved into the O'Fallon, Missouri offices Citigroup's mortgage business occupied until the latter deemphasized servicing in 2017.

The 30-year fixed rate mortgage is below 6.8% for the first time since May as the 10-year Treasury moved lower with the headlines of the past week.

The department's move is the latest HUD decision aligning with the Trump administration's deregulatory strategy that targets many ESG programs.

Lenders have been working to shrink their rent-regulated real estate loan portfolios since a watershed state law passed in 2019, but those plans may be accelerated.

A rally in short-dated Treasuries gathered pace Thursday after a raft of US economic data on balance favored wagers on as many as three Federal Reserve interest-rate cuts this year.

Real estate was the worst-performing sector in the S&P 500 Index on Wednesday and Wall Street analysts pointed to the electoral result for the nation's biggest city as a key reason. 

Mortgage applications rose 1.1% last week, with borrowers most interested in FHA loans and refinancing.

The company gave no reason for his abrupt departure, which comes two months after the CEO of its parent First American Financial, Kenneth DiGiorgio, was fired.

Nonbank mortgage companies are regulated on the state level, but multistate examinations allow for virtual nationwide and industry-wide coverage.

US purchases of new homes fell in May by the most in almost three years as rampant sales incentives fell short of alleviating affordability constraints.

The gap between costs and wages hit an inflection point and policy may determine what happens next, according to the Harvard Joint Center for Housing Studies.

The equity-backed loan offers Rocket customers funds for down payments and closing costs on a new purchase while giving them six months to sell their existing property.

Transparency has improved for mortgages but associations still lack access and insurance is a challenge in efforts to balance access to housing with safety.

Regulatory changes after the Surfside collapse are making more condos nonwarrantable, which presents some opportunities while also complicating mortgage access.

The president should unwind the federal government's stake in Fannie Mae and Freddie Mac, and direct the proceeds to a housing remainder trust designed to close critical gaps in real estate lending.

Rhode Island home sellers would see a conveyance tax rise 63%, and owners of million-dollar properties would pay an additional levy if the budget is signed into law.

Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.

Foreclosure activity surged in the first quarter, underscoring the growing need for borrower support as certain federal protections expired.

The resale market looks set to languish for the foreseeable future without some letup in financing costs or downturn in prices.