AGNT’s CEO warned that existing-home sales could slip below 4 million if mortgage rates top 8%, framing the threshold as a decisive affordability tipping point. That scenario would represent a notable contraction in transaction volume, driven primarily by an erosion of purchasing power for [...]
Freddie Mac's 30-year rate at 7.40% lifts monthly costs by hundreds, dampening conventional demand and increasing private lenders origination opportunities.
HUD action plan to modernize HUD Code and end permanent-chassis rules alters valuation, collateral and compliance for private manufactured-home lender risks.
Home prices climbed 3.40%, with seasonally adjusted gains of 0.90% from the prior period; implications for private lenders' pricing, underwriting and risk.
Private lenders: Garg's 90-day plan for Better aims at a $50M expense base, HELOC/wholesale growth, a CEO search and potential bank sale and bank sale bid
Wholesale non-QM lender June Point extends DSCR investor mortgage coverage into California increasing reach to 19 states and expands lending options.
HousingWire Data shows a notable repricing in long-term mortgage costs, with the 30-year conforming average at 7.63% after a 31-basis-point uptick over a two-week span, while FHA rates climbed by 59 basis points. That speed and magnitude of increase compress borrower affordability, raising monthly [...]
A new integrated platform is positioning itself to reshape origination and secondary-market workflows by bringing pricing and eligibility together with a hedging capability and a reintroduced loan trading venue. By collapsing decisioning and pricing into a single workflow, the platform promises to reduce pricing [...]
Evaluate lead programs by cost per closed loan rather than salary or dialer fees; focus on acquisition efficiency, conversion rates and true cost-to-close.
Mortgage originators are rolling out a compact suite of borrower-focused concessions designed to smooth the application-to-commitment journey and reduce immediate consumer costs. The package highlights eligible EPO fee protection to mitigate certain early lock-related charges, same-day conditional approvals to accelerate underwriting and shorten time [...]
