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Industry News
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Featured Items
- Trump's Trade War with China Doesn't Bode Well for an Already Shaky U.S. Housing Market
- Low interest rates and the continually strong labor market are boons to American consumers and therefore positive headwinds for the country's housing market, said Mike Fratantoni, chief economist for the Mortgage Bankers Association. learn more
- Lenders Opening Doors to a Wider Swath of Home Buyers
- According to the Urban Institute Housing Finance Policy Center's latest quarterly credit availability report, mortgage lenders are reaching out to borrowers who might have been marginal--or rejectees--in the past. learn more
- Mortgage Rates Pull Back on Weak Inflation Data
- After a month of increases, mortgage rates retreated this week. learn more
- Fannie Mae and Freddie Mac Release Q1 Financial Results
- Fannie Mae and Freddie Mac released their Q1 2019 financial results on Wednesday. learn more
- Iowa Signs Law to Enable eClosings for Mortgages
- Iowa became the latest state to enable fully digital closings for mortgage transactions Monday with the passage of its new eNotary law. learn more
- Waters' CFPB Bill Being Readied for House Consideration
- The House may soon vote on a bill introduced by Financial Services Committee Chairwoman Maxine Waters, D-Calif., that would roll back changes to the Consumer Financial Protection Bureau introduced during Mick Mulvaney's term as Acting Director. learn more
- Mortgage Rates Increase for the Fourth Week in a Row
- According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.20 percent with an average 0.5 point. learn more
- Weekly Mortgage Applications Fall as the Highest Rates in a Month are Spooking Spring Buyers
- Overall mortgage application volume fell 7.3% last week from the previous week but was 6.6% higher than a year ago, thanks to stronger refinance volume, according to the Mortgage Bankers Association. learn more
- Independent mortgage bankers see profit per loan nearly halved in 2018
- Surging loan production expenses and low revenue killed profits in 2018 for loans originated by independent mortgage bankers and subsidiaries of chartered banks, according to the Mortgage Bankers Association. learn more
- Trump's Tax Overhaul Is Curbing Housing Activity, Fed Researchers Say
- President Trump's tax reform is likely having a negative effect on the housing market, according to a newly published study by researchers at the Federal Reserve Bank of New York. learn more
- Mortgage Demand is Up a Bit: Quicken Loans Founder
- Dan Gilbert, founder and chairman of Quicken Loans, and Jay Farner, CEO of Quicken Loans, discuss the state of the mortgage sector as home buyers prepare for spring. learn more
- Mortgage Rates Drift Higher for Second Week in a Row
- According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average increased to 4.12 percent with an average 0.5 point. learn more
- Low Mortgage Rates May Drive Home Purchase Lending to 14-Year High
- Freddie Mac is expecting a gain of 1.5% for total mortgage lending, according to its March mortgage finance forecast. learn more
- Biggest Mortgage Drop in Decades Sparks a Boom in Home Sales
- After a massive dip in mortgage interest rates last week, mortgage applications jumped nearly 19 percent and applications to refinance existing mortgages surged 39 percent. learn more
- Senate Confirms Mark Calabria as Head of Fannine, Freddie Regulator
- Calabria, who most recently served as chief economist to Vice President Mike Pence and, before that, at the libertarian think tank the Cato Institute, was confirmed by a 52-44 vote. learn more
- Refinancing Spike to Keep Mortgage-Backed Security Investors on Guard
- Home refinances jumped 39 percent during the week ended March 29, according to the Mortgage Bankers Association. learn more
- Declining Mortgage Rates Champion Home-Buying Power, But For How Long?
- Home prices retreated 1.9 percent in January, First American's Real House Price Index said. learn more
- Mortgage Rates are Now Breaking New Lower Territory, And They Could Stay There for Months
- The combination of lower rates - especially compared to last spring - and moderating home-price growth improves buyers' purchasing power and will hopefully translate to a somewhat faster pace of home sales than previously expected," said Mike Fratantoni, chief economist for the Mortgage Bankers Association. learn more
- Challenging Days for Lenders
- MBA chief economist Mike Fratantoni looks at some of the challenges facing the industry as the downturn continues, as well as some encouraging news. learn more
- This Housing Market Clue Predicts Pending Economic Slowdown
- One critical clue from the housing market has emerged to suggest economic growth is likely to backslide, and that is a steady decline in single-family authorizations. learn more
- Time for the Housing Market to Spring Forward
- The housing market remains poised for a strong spring," said Joel Kan, associate vice president of economic and industry forecasting for the Mortgage Bankers Association. learn more
- CECL Spells Trouble for Small Banks, Consumers
- The author, a Democrat from Missouri on the House Financial Services Committee, says the Current Expected Credit Loss standard proposed by the Financial Accounting Standards Board threatens to eliminate some lending services and restrict access to credit, particularly for low-income families. learn more
- FHFA Chief-to-Be's Top Priority: More Capital for Fannie, Freddie
- Despite recent speculation that the White House and Federal Housing Finance Agency were planning a dramatic shake-up of Fannie Mae and Freddie Mac, observers say the nominee poised to run the FHFA will have a more targeted agenda on the job. learn more
- HUD to Lenders: We are Not Denying Mortgages to DACA Dreamers
- HUD, the Federal Housing Administration, Department of Agriculture and Fannie Mae are not denying mortgages to Deferred Action for Childhood Arrivals recipients, the agencies said this week. learn more
- Housing Industry to FHFA: Go Slow on GSE Reform
- Talk of housing reform is heating up, and now several members of the housing industry (including the Mortgage Bankers Association) are encouraging the Federal Housing Finance Agency not to go too fast, and to make sure affordable housing remains a priority throughout the process. learn more
- First-Time Homebuyer Market at Pre-Crisis Level
- The first-time homebuyer market recorded 2.07 million purchases in 2018, putting it at a level that has not been seen since 2006, according to a new report from Genworth Mortgage Insurance Corp. learn more
- Freddie Mac: February Forecast Hints at Mortgage Market Slowdown
- This year's mortgage market is projected to grow modestly, as both mortgage and interest rates slide further, according to Freddie Mac's February Forecast. learn more
- GSE reform proposals have small lenders on edge
- Community banks and credit unions fear a Senate plan and other legislative ideas will nullify steps taken by Fannie Mae and Freddie Mac that have made it easier for smaller institutions to compete learn more
- Weekly Mortgage Applications Jump 5.3% as Lower Rates Seem Here to Stay
- Mortgage application volume increased 5.3 percent last week from the previous week and was 0.4 percent higher than a year ago, the Mortgage Bankers Association said. learn more
- More Americans are Paying Mortgages on Time
- So here's the good news: The national delinquency rate on home loans hit the lowest level it's been in 18 years as of the final quarter of 2018, according to data compiled by the Mortgage Bankers Association. learn more
- New Loan App Is Coming
- Big changes are coming in the standard application for home financing. learn more
- Mortgage Rates Fall for the Third Week in a Row
- According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dipped to 4.35 percent with an average 0.5 point. learn more
- White House is Making Hard Job of GSE Reform Even Harder
- It's understandable and even expected that an administration wouldn't be entirely forthcoming while it's developing a policy for overhauling something as large as the mortgage finance market, given the potential impact to so many facets of the economy. learn more
- U.S. Mortgage Delinquencies Hit 18-Year Low in Q4 2018--MBA
- U.S. homeowners who fell behind on their mortgage payments dropped to the lowest levels in 18 years in the final quarter of 2018, the Mortgage Bankers Association said on Friday. learn more
- Mortgage Rates Dip to their Lowest Levels in More than a Year
- According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 4.37 percent with an average 0.4 point. learn more
- Mortgage Applications Drop 3.7% as Homebuyers Pull Back
- The lowest interest rates in nearly a year were not enough incentive to juice mortgage demand learn more
- Fading Tailwinds Will Limit U.S. Economic Growth in 2019, Says MBA's Chief Economist
- Despite a strong U.S. job market, GDP growth will slow now that the tailwind from the Tax Cuts and Jobs Act has largely dissipated, predicts Michael Fratantoni, chief economist with the Mortgage Bankers Association. learn more
- Mortgage Rates Tumble to 10-Month Low
- According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 4.41 percent with an average 0.4 point. learn more
- GSE Reform, CFPB Underwriting Rule are on Collision Course
- The White House and Senate Banking Committee are pursuing parallel tracks to end the GSEs' federal conservatorships. learn more
- MBA Asks VA to Delay Cash-Out Refi Rule Enforcement
- In a letter to the VA, MBA President and CEO Robert Broeksmit cited a "significant operational challenge" in the new VA disclosures that would impose required borrower disclosures which are not readily available to MBA member lenders offering such refinance loans. learn more
- Mortgage Rates Aren't Moving--How Will the Housing Market Respond?
- Rates for home loans were unchanged in line with a stagnating bond market, but big questions remain about the health of the housing market. learn more
- Mortgage Applications Pull Back 2.7% as Rates Turn Higher Again
- Total application volume fell 2.7 percent compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. learn more
- Housing Market Shows Signs of Hope
- Combined with other recent trends--growing inventories of homes available for sale, slower price inflation and even modest price reductions--the decline in mortgage rates should be encouraging for anyone seriously in the market for a home. learn more
- The Slowing U.S. Housing Market May Have Bottomed
- After a months' long slowdown, the U.S. housing market may have bottomed. " learn more
- Mortgage Applications Surge 13.5% as Borrowers Rush to Take Advantage of Lower Rates
- Mortgage application volume rose 13.5 percent last week, compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. learn more
- Fed's George Turns Dovish, Makes Case for 'Pause' on Rate Hikes
- In a remarkable shift by one of the U.S. central bank's most hawkish policymakers, Esther George, president of the Federal Reserve Bank of Kansas City, on Tuesday made the case for patience and caution on interest rate hikes to avoid choking off growth. learn more
- Fannie-Freddie May Be Freed Without Congress, Calabria Says
- Trump's administration aren't counting on a legislative solution after more than a decade of failures to address the biggest piece of unfinished business from the 2008 financial crisis. learn more
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