Trump administration claims quotas for low-income borrowers hurt the middle class. NAR says where is the data? Consumer and civil rights groups say hundreds of thousands of working class and minority homebuyers will be sent packing. Continue reading
The next Fed chair may be more receptive to the president’s calls for rate cuts, but they’ll have to convince other central bank policymakers to give up their independence. Continue reading
Home sales should break through the 5 million mark next year as more inventory gradually comes on the market and home prices decline, economists at the Mortgage Bankers Association predict. Continue reading
Fair Isaac’s Mortgage Direct License Program is aimed at eliminating mark-ups charged by credit reporting agencies Equifax, Experian and TransUnion — backers of competing VantageScore. Continue reading
Senators Elizabeth Warren and Ron Wyden are asking the DoJ and FTC to “thoroughly investigate” the pending deal, which they claim would “entrench existing antitrust and price manipulation concerns that have been at the center of mounting litigation.” Continue reading
Homebuyer demand is still stronger than a year ago, but seasonal shifts have pushed the mix of business toward refinancing, which accounted for 59% of loan applications last week. Continue reading
The all-stock deal to acquire the parent of RoundPoint Mortgage Servicing would nearly double UWM’s servicing portfolio to nearly $400 billion, if it closes as expected in Q2 2026. Continue reading
Smith’s expertise in financial services was cited as an asset as the Trump administration prepares to sell part of its ownership stake in Freddie Mac and Fannie Mae in a public offering. Continue reading
Monthly purchases of $13 billion in mortgages and MBS may be taking pressure off mortgage rates — and setting the stage for a more attractive public offering. Continue reading
Popular with first-time homebuyers, FHA loans have higher delinquency rates, and borrowers are more likely to end up underwater or in foreclosure when home prices fall. Continue reading