Tag Archives: mortgage

Homebuyer demand surges as mortgage rates tumble to 2025 low

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Applications for purchase mortgages hit their highest level since July last week, and rates keep falling on weak jobs reports and more encouraging inflation data Continue reading →

Fed Governor Lisa Cook can keep her job pending court appeal

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Trump’s move to fire Cook likely violated her right to due process, and “for cause” provision for removal is limited to governor’s behavior in office, judge rules in granting preliminary injunction. Continue reading →

Massive downward jobs revision not budging mortgage rates

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Rebenchmarking that suggests the U.S. added 911,000 fewer jobs than previously thought generates political heat but was widely expected by economists and investors. Continue reading →

Pennymac takes a stake in Vesta, launches non-QM mortgages

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A major player in correspondent lending and mortgage servicing, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage loan origination software provider Vesta. Continue reading →

Trump signs bill curtailing sale of mortgage trigger leads in 180 days

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After the bill takes effect in March, credit bureaus will still be able to sell trigger leads to a borrower’s current mortgage lender, loan servicer, or any bank or credit union they have an account with. Continue reading →

LoanDepot shares surge on bullish call by Citron Research

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Andrew Left’s controversial research firm has a thesis: Trump will win the “war on housing,” and that loanDepot’s mortgage servicing business is undervalued. Continue reading →

Mortgage rates plummet to new 2025 low on anemic jobs report

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Investors who fund most home loans are no longer wondering whether the Federal Reserve will cut rates this month, but by how much. At least three quarter-percentage point rate cuts are now expected this year. Continue reading →

DoJ opens criminal investigation into Fed Governor Lisa Cook

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Cook’s attorneys say she did not commit mortgage fraud, and is being targeted by the Trump administration to undermine the Federal Reserve’s independence. Continue reading →

What are the riskiest housing markets in the US? New data provide answers

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Metro areas in the southern and western U.S. dominate the nation’s riskiest markets. That’s according to new Attom data on home prices, underwater mortgages, foreclosures and more. Continue reading →

Homebuyers take a breather as mortgage rates continue to fall

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Purchase loan demand eased last week, but rates are expected to keep falling on a new report showing there are more people unemployed than there are job openings for the first time since the pandemic. Continue reading →