Mortgage News
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News for: Mortgage Lenders
Showing 193 - 216 of 226 results
May 21, 2025 12:01 PM
— Mortgage Lenders
‘Marry the house, date the rate’: Smart strategy or outdated advice?
As mortgage rates rise, the housing industry is encouraging buyers to focus on finding a house they love and commit to it, while being flexible with mortgage rates. Refinancing is seen as a way to 'break up' with the old mortgage in favor of a better one in the future.
May 21, 2025 4:00 AM
— Mortgage Lenders
US Mortgage Rates Rise to Three-Month High, Slowing Home Demand
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May 20, 2025 9:00 AM
— Mortgage Lenders
US Housing Market Warned of Mortgage Rate Hikes, Foreclosures
Extreme weather disasters are projected to cause a surge in foreclosures across the U.S. in the coming years, leading to significant financial losses for mortgage lenders. Global warming is making natural disasters more frequent and severe, especially in vulnerable states. Floods are identified as the leading climate driver of foreclosure risk. Historic data shows an increase in natural disasters ... more
May 20, 2025 3:01 AM
— Mortgage Lenders
Mortgage brokers say FHA changes, inventory are key hurdles
Mortgage brokers are tired of the focus on elevated interest rates, as they believe other factors like changes in policy at the Federal Housing Administration are impacting their business more. The Federal Housing Finance Agency chief discussed an alternate agency name and the impact of explicit guarantees for Fannie Mae and Freddie Mac on agency MBS. Foreclosure rates rose across all loan types a... more
May 20, 2025 3:01 AM
— Mortgage Lenders
Rocket, Mr. Cooper merger: HMDA data reveals market impact
Rocket Mortgage is acquiring Mr. Cooper in a deal that could potentially impact mortgage production. While Mr. Cooper's servicing strength may help Rocket compete with its rivals, the acquisition alone may not immediately change Rocket's ranking. Regulatory approvals are expected in 2025 for the acquisition. Other topics mentioned include the Consumer Financial Protection Bureau's rule rescission ... more
May 19, 2025 3:01 PM
— Mortgage Lenders
FHFA's Pulte defers to a higher authority on conservatorship
Bill Pulte, the director of the Federal Housing Finance Agency, has made significant changes during his tenure, from altering the boards of Fannie Mae and Freddie Mac to prioritizing fraud prevention initiatives. He has not provided any hints about the potential exit of Fannie Mae and Freddie Mac from conservatorship, leaving that decision to President Trump.
May 17, 2025 5:03 AM
— Mortgage Lenders
Mortgage profits near break-even, but costs still climb
The mortgage industry's comeback was hindered by diminished loan volume and increased production costs, leading to unprofitable lending at nonbanks in the first quarter. Despite challenges, independent mortgage bankers made $443 on every loan originated in 2024. United Wholesale Mortgage had a successful first quarter, while a San Diego-based lender reported a net loss. Foreclosure rates rose afte... more
May 17, 2025 5:02 AM
— Mortgage Lenders
Virgin Money mortgage holders cry foul over owner Nationwide’s better deals
Some Virgin Money customers are upset that Nationwide borrowers are being offered better-value mortgage deals despite both being part of the same group since Nationwide acquired Virgin Money. There are differences in fees and interest rates between the two brands, with Virgin customers sometimes paying nearly £1,000 more for the same deal as Nationwide customers. Virgin Money customers cannot simp... more
May 16, 2025 9:00 AM
— Mortgage Lenders
DSCR Sales, Processing, UAD 3.6, Homebuyer, LO Locking Tools; STRATMOR Tech Survey
The article mentions various topics related to the mortgage industry, including discussions on mortgage applications, budget moves in D.C., software, products, and services for lenders and brokers, appreciation towards brokers, and tools to help first-time homebuyers. It also touches on advancements in appraisal processes, buy now vs. wait calculator for homebuyers, and a company that offers end-t... more
May 15, 2025 3:00 PM
— Mortgage Lenders
United Wholesale Mortgage rolls out AI that calls you when time to refinance
United Wholesale Mortgage introduced an AI virtual loan officer assistant named Mia that can make outbound calls, take inbound calls, and handle complex questions in a conversational manner. The AI tool was created in partnership with Google and aims to help mortgage brokers reach out to clients about refinancing when mortgage rates drop. UWM CEO Mat Ishbia highlighted Mia's abilities at the compa... more
May 15, 2025 6:01 AM
— Mortgage Lenders
Middle-Income Homebuyers Are Facing the Biggest Shortfall of Affordable Homes
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May 15, 2025 4:00 AM
— Mortgage Lenders
Loan defect share improved even as mortgage rates rose in 4Q
The article discusses the quality of closed mortgage applications in the fourth quarter of last year, with critical defects falling to the second lowest level on record. Mortgage rates were volatile during this time, with the 30-year fixed rate reaching 6.91% by the end of the year. The article mentions that typically, the number of defects in mortgage applications increases when rates rise. Howev... more
May 14, 2025 6:00 AM
— Mortgage Lenders
High mortgage rates are sticking around — unless the economy crashes
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May 13, 2025 5:02 AM
— Mortgage Lenders
20 lenders with the most VA loans in 2024
The article discusses the top five lenders with the most VA loans in 2024, their average loan amounts, and total loan amounts. It also mentions the combined HELOC volume, second-lien loan volume, and unpaid principal balance of the top five banks at the end of December 2024. Additionally, it highlights United Wholesale Mortgage's leadership in total origination volume compared to Rocket Mortgage a... more
May 13, 2025 4:00 AM
— Mortgage Lenders
Wells Fargo sued for denying borrower COVID-19 loss mit
The article discusses a lawsuit filed by a North Carolina resident against Wells Fargo for denying her COVID-19 loss mitigation options, resulting in the forced short sale of her home. The plaintiff claims the bank's negligence cost her the house, equity, and a worsened credit score. Wells Fargo has apologized and offered mediation, but declined to comment on the pending litigation. The article al... more
May 12, 2025 9:00 AM
— Mortgage Lenders
This Mortgage Hack Could Score You a 3% Rate — But Is It a Good Idea?
In a high-inflation and high-interest-rate environment, finding a low mortgage interest rate has become a greater challenge for homebuyers. While interest rates hit historic lows in 2021, buyers are now chasing the almost mythical 3% rate. One possible way to achieve this rate is through an assumable mortgage, where the buyer takes over the seller's existing mortgage including its interest rate. A... more
May 9, 2025 1:00 PM
— Mortgage Lenders
Blend announces plans to offload Title365
Blend Labs is selling its title insurance unit as it shifts to a software-first approach. The company introduces a new division for independent mortgage banks and positions its Tinman platform as a competitor in the industry.
May 6, 2025 9:00 AM
— Mortgage Lenders
STRATMOR's Tech Survey Results; Commercial Appraisal, Non-QM Investor, Compliance Tools
The article discusses various topics related to the mortgage industry, including the MBA National Secondary conference in Manhattan, the use of AI technology in legal work, and the priorities outlined by the CFPB. It also mentions technology survey findings from STRATMOR and the selection of ICE Mortgage Technology's MSP system by UWM for loan servicing. The article also includes information about... more
May 4, 2025 9:00 PM
— Mortgage Lenders
High mortgage rates and tariff uncertainty drag on US housing market
The article discusses how mortgage rates are rising, impacting home buyers. It mentions that a recently released survey shows that mortgage rates have reached their highest level in nearly seven years. This increase in rates may make it more difficult for some potential home buyers to afford a new home. Experts warn that rising mortgage rates could reduce the number of people looking to purchase a... more
May 2, 2025 7:56 AM
— Mortgage Lenders
Short-Term Capital Gains Tax Rates for 2024-2025
The article discusses the differences between short-term and long-term capital gains tax rates and how they impact investors. It explains that short-term gains are taxed as ordinary income, while long-term gains are taxed at lower rates. The article also mentions the importance of planning ahead for tax implications when selling assets. However, the article does not directly discuss mortgage rates... more
May 1, 2025 6:25 AM
— Mortgage Lenders
The Top Producers of 2025: The complete list
The mortgage industry is lacking the next generation of loan officers, with the majority of respondents being between 41 and 50 years old. Experience levels among loan officers range from as little as six to over 30 years, with tenure at their current firm varying greatly. Various loan officers are investing in artificial intelligence to streamline workflow and enhance efficiency. The Top Producer... more
May 1, 2025 3:00 AM
— Mortgage Lenders
Fannie Mae earnings fall as Pulte pledges turnaround
Fannie Mae reported a decrease in earnings due to a credit-loss provision and economic uncertainty. The GSE's net worth rose, driven by guarantee fee income. Mortgage rates and housing affordability constraints impacted Fannie's loan acquisitions. Fannie Mae emphasized underwriting standards to prevent poor mortgage quality. The FHFA director focused on fraud prevention. Mortgage bankers supported... more
May 1, 2025 2:01 AM
— Mortgage Lenders
Trump's VA strands thousands of veterans by ending a key mortgage program
The U.S. Department of Veterans Affairs ended a mortgage-rescue program that helped 20,000 veterans avoid foreclosure, which has left millions of military veterans with limited options if they struggle to pay their home loans. This move was criticized by industry groups, advocates, and veterans' organizations. The VA has now left veterans behind on their mortgages with fewer options compared to ot... more
Apr 30, 2025 8:50 AM
— Mortgage Lenders
Buy Before You Sell, Jumbo, CRM Tools; Climate and Catastrophes; Fannie Earnings
The article discusses various updates and partnerships in the mortgage industry, including the impact of the Trump administration's dismissal of climate panel members on climate research. It also mentions new jumbo loan options and guideline enhancements at different mortgage companies. Furthermore, the article highlights partnerships such as FirstHome IQ partnering with Crib Equity to expand home... more
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Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 600 lenders. Mortgage-Rates.ai does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.