News
Foreclosures 'could signal shifting housing market dynamics"
7+ hour, 34+ min ago (652+ words) Foreclosures inched up in the first quarter and surged ahead of last year's levels in a manner that points to a change in dynamics, Attom reported Thursday. The 118, 727 properties with filings represented a 6% on a consecutive-quarter increase and a level…...
New-home purchase applications hit record high in March
1+ day, 18+ hour ago (755+ words) New-home purchase originations surged in March, waving off wartime macroeconomic concerns to set a record high, even as signs of a construction slowdown emerged." Applications for newly purchased homes accelerated 11% year over year, according to the Mortgage Bankers Association's monthly…...
Gen Z, millennial homeowners struggle with mortgage payments
1+ day, 8+ hour ago (572+ words) With mortgage rates sitting well above 6% for much of the last three years, nearly half of younger homeowners have struggled to make mortgage payments, an industry report finds. Half of Gen Z homeowners and 44% of millennial homeowners were at risk…...
Chase, Wells mortgage slump: what it means for non-banks
1+ day, 12+ hour ago (652+ words) Quarter-to-quarter mortgage production at both JPMorgan Chase and Wells Fargo fell by about 2. 5 times more than what the Mortgage Bankers Association is predicting for the industry, a Keefe, Bruyette & Woods flash note commented. The MBA's March forecast called for $1. 46 trillion…...
Jumbo loans are creeping into non-QM, HELOC securities
1+ day, 9+ hour ago (531+ words) Also, securitizations dedicated to the average loan size for second liens/home equity lines of credit increased from $88, 000 to $95, 000 between 2024 and 2025. The share of second-lien loan balances above $200, 000 increased from 22% to 25% in the same period. Higher loan balances are in…...
FHLB council maps out mortgage credit expansion plan
1+ day, 19+ hour ago (811+ words) President Trump's executive order on mortgage credit could open up new funding resources and secondary market options for some Federal Home Loan Bank members, according to a new letter. The letter from Ryan Donovan, president and CEO of the Council…...
Spring purchase activity jumps despite climbing rates
1+ day, 21+ hour ago (635+ words) Purchase activity soared to kick off the spring market this year as climbing rates didn't dampen momentum over last year's tepid start." Those mortgage locks in March were up 38% from February and 20% greater from the same time last year, according…...
TCPA lawsuits hit nine more mortgage lenders
1+ week, 21+ hour ago (502+ words) Consumers continue to pile lawsuits over spam calls and messages against a wide range of originators, in complaints that, if successful, could deliver big paydays. UWM, in denying accusations that it called one Coloradan over 50 times last year, had one…...
Rocket leads UWM in 2025 HMDA loan count, trails in volume
1+ week, 3+ day ago (684+ words) Rocket Mortgage and United Wholesale Mortgage waged another fight over who would be the market leader in 2025 and appear to have ended the year with a split decision. While UWM held onto a healthy lead in terms of dollar volume,…...
Kastle AI integrates with ICE's mortgage servicing system
2+ day, 10+ hour ago (554+ words) Kastle AI is accelerating AI adoption for mortgage servicers by integrating with Intercontinental Exchange's mortgage servicing system, MSP. The integration allows servicers on MSP to deploy Kastle's AI agents without building custom infrastructure, Kastle said in a press release Friday....