Cavco builds first HUD-code manufactured home without a steel chassis.
Cavco's Grande Arbor: first HUD-code home without a permanent steel chassis after mandate removal; implications for collateral, valuation and lender risk. -
Zillow-MRED antitrust dispute moves from court to arbitration.
The court ruled that the record did not adequately separate allegations of a coordinated conspiracy from lawful, coincident alignment between MRED and Compass, finding plaintiffs’ evidence insufficient to prove an unlawful agreement. In applying antitrust principles, the judge emphasized that similar or parallel business [...]
Federal Reserve raises rates; analysts expect further tightening.
The Federal Reserve raised its benchmark policy rate into the 3.75%–4.00% range in response to persistent inflationary pressure and a tight labor market. For mortgage markets, the move translates into immediate upward pressure on short-term funding costs and secondary-market yields, pushing mortgage rates higher [...]
Mortgage applications decline 4% as rates near 7%.
Benchmark Treasury yields climbed toward 5 percent, driving the average 30-year fixed mortgage rate to about 6.97 percent and producing a notable peak in mortgage pricing. The rise in long-term yields compressed mortgage-backed security values and prompted lenders to reprice retail offerings to reflect [...]
10-year Treasury at 5% pressures mortgage rates before Fed decision.
10-year Treasury yield rising past 5% tightens mortgage spreads, increasing funding and pricing pressure for private lenders as the Fed weighs policy. risk
Will a new Fed rate-hike cycle affect mortgage rates?
History often argues against sustained optimism when affordability compresses and credit tightens, but this cycle departs from past templates. Rather than a uniform downturn, the mortgage landscape is fragmented: stronger household liquidity in some cohorts, persistently tighter underwriting, and a different investor mix in [...]
Compass establishes global division for cross-border referrals.
Compass has implemented a formal internal tiering structure and new tracking tools to standardize how referrals are generated, routed and monitored across its network. The initiative centralizes attribution, performance measurement and auditability, creating more consistent criteria for referral quality and follow-up. For mortgage and [...]
Longbridge Financial’s parent plans $100 million note offering.
Ellington Financial, a mortgage-focused publicly traded firm, said the net proceeds from its latest financing will be earmarked for general corporate purposes. That designation gives management broad discretion to deploy capital across the balance sheet, including working capital, debt servicing or repayment, portfolio reinvestment, [...]
Homes for Heroes has returned nearly $200 million to beneficiaries.
As the organization marks a milestone anniversary, leadership is signaling a deliberate shift from a single-transaction focus toward managing the full borrower relationship across the mortgage lifecycle. The strategic emphasis is on building recurring, fee-based streams through servicing, secondary-market relationships and ancillary homeownership products, [...]
Homeowners insurance costs reach record high of $209 per month.
Homeowners who switched insurers bucked broader market patterns and achieved an average savings of 6.6%. While the percentage may appear modest on its face, it represents a tangible reduction in the recurring housing cost equation: insurance premiums feed directly into monthly outlays and escrow [...]