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Mortgage rates rise on Iran standoff, FOMC meeting news
2+ hour ago (927+ words) Mortgage rates ended their three-week slide, with the 30-year fixed moving 7 basis points higher as a primary benchmark for pricing loans remained elevated. For the first time in a month, the 10-year Treasury yield moved over 4. 4% on April 29. Other than…...
NEXA's Kortas vows countersuit in loan Depot trade secret row
3+ day, 13+ hour ago (534+ words) NEXA Lending CEO Mike Kortas is pushing back against a trade secrets lawsuit from loan Depot, alleging the competitor has engaged in the same behavior. The lender and servicer sued NEXA in a Mississippi federal court earlier this week, accusing…...
K-shaped economy amplifies rise in nonprime DTI ratios
5+ hour, 57+ min ago (287+ words) Higher utilization and aggregate excess payments point to pressure, according to Trans Union. Debt-to-income averages remain below traditional mortgage caps....
UWM's Ishbia talks surprise partnership with past Rocket foe
21+ hour, 49+ min ago (1055+ words) A lunch meeting between once bitter adversaries turned into a business agreement that few in the mortgage industry saw coming this week." Now aligned on the same side, United Wholesale Mortgage CEO Mat Ishbia and longtime Rocket executive Mike Fawaz…...
Ginnie Mae pauses delinquency rules amid FHA waterfall shift
5+ day, 20+ hour ago (477+ words) Government mortgage-backed securities guarantor Ginnie Mae announced that it's changing how it will be tracking delinquencies in monthly issuer reporting to account for impacts from a rule update. To address the uptick in a large number of older loans entering…...
2026's Top Producers: numbers 100-51
1+ day, 8+ hour ago (342+ words) Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business....
Mortgage vet: 2026 will be 'a very tough year'
1+ day, 8+ hour ago (761+ words) Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry....
Cross Country ups Two Harbors bid after new UWM proposal
1+ day, 21+ hour ago (86+ words) Cross Country increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20....
Inflation outpaces home-price growth for 9th straight month
2+ day, 6+ hour ago (555+ words) Although mortgage rates dipped below 6% in February for the first time since 2022, home-price growth continued to slow, two new industry reports found. More than half of the major metropolitan markets in the United States posted year-over-year price declines in February,…...
Digital Mortgage 2025 tech demos hint at future trends
7+ mon, 1+ week ago (20+ words) Artificial intelligence and lead generation tools were featured prominently during the Innovation Challenge at National Mortgage News' conference in September....