Jobs Data Exceeds Expectations, Yet Mortgage Rates Remain Unchanged
Normal job creation levels are now viewed as significant wins, contributing to a decline in the unemployment rate to 4.3%, highlighting economic stability.
Pennymac to Acquire Cenlar, a Major Subservicing Company, for $257.5 Million
Pennymac's inaugural M&A deal enhances its mortgage servicing portfolio, acquiring 2 million loans and surpassing $1 trillion in unpaid principal balance.
Mortgage Applications Decrease 0.3% While FHA and ARM Shares Increase
Mortgage applications dip 0.3%, while FHA and ARM loans gain traction. Refinance activity surges 101% year-over-year, indicating shifting borrower priorities.
Anywhere Real Estate Data Breach Compromises Employee Information
Data breach at Anywhere Real Estate's Oracle EBS exposes sensitive information of 17,429 individuals, including names and Social Security numbers.
Fannie Mae reduces expenses and increases MBS purchases, yielding $14.4B profit.
Fannie Mae's reported profit of $14.4 billion highlights its role in providing $409 billion in mortgage market liquidity and expanding mortgage-backed securities purchases.
YIMBY Law Leader Exonerated of Allegations Regarding California Bar Rules
California's Bar Association clears YIMBY Law's Sonja Trauss of legal misconduct, reaffirming her role as an advocate for housing reform, not a lawyer.
Bevri.ai Launches AI-Enhanced Point-of-Sale Platform
Revolutionize your mortgage processes with Bevri.ai's agentic AI POS, automating 1003 applications, document collection, and underwriting for efficiency.
Federal Cuts Prompt State-Level Reactions to Evolving Housing Policy
Navigate the complexities of the mortgage market with insights from federal and state officials, emphasizing the importance of clarity for private lenders.
Misconceptions about reverse mortgages continue despite educational initiatives.
National Reverse Mortgage Day highlights the benefits of reverse mortgages, enhancing awareness among seniors about unlocking their housing wealth effectively.
The Importance of AI Proficiency for Loan Officers in Assisting Borrowers
Explore how high trust and personalized guidance define mortgage lending. Understand your options for affordability, qualification, and tailored financial strategies.