Fed hawks gain influence despite no increase in interest rates.
Yields increased ahead of the Fed meeting, with the 10-year at 4.60% and oil prices dropping below $79, creating uncertainty in hike projections.
MBA Raises Concerns to FHFA Over Changes to Manufactured Home Definition
The Mortgage Bankers Association advises the Federal Housing Finance Agency to proceed cautiously with finalizing updates to the Duty to Serve rule, highlighting key industry concerns.
You Remain Accountable When Your AI Vendor Makes Errors
Mortgage servicers must manage AI-driven account decisions under OCC guidance, GSE requirements, and Treasury controls, ensuring compliance through robust vendor contracts.
June Sees 1.6% Increase in New Home Sales
Discover insights on the recent increase in new home sales and the implications for median sale prices in the housing market. Read more for details.
Four strategies for originators to succeed in the current market.
In a higher-rate market, originators adapt by targeting niche segments like self-employed borrowers and leveraging HELOC and non-QM options with proactive AEs.
CFPB Considers Changes to Reverse Mortgage Disclosures Amid Cost Concerns
Federal regulators are reassessing reverse mortgage disclosures, and while the review is seen as necessary, legal experts caution against potential costs of changes.
Rising Student Loan Defaults Could Impact Sun Belt Housing Demand
Student loan delinquencies are rising as pandemic policies end, leading to lower credit scores. This trend may impact prospective borrowers' loan eligibility.
Maryland Home Sales Increase Despite Decreasing Inventory Levels
Maryland's residential market sees a 3.8% increase in average sales price, reaching $565,713, amidst declining inventory levels. Explore the trends.
Compass’s Code of Ethics Complaints Against Zillow: An Inside Look
Compass has filed ethics complaints against Zillow in 26 states, highlighting concerns over confidentiality, disciplinary actions, and appeals processes within the industry.
Graham Fleming Discusses HECM Demand, Second Liens, and Onity Transaction
Finance of America remains a key player in the reverse mortgage sector, consistently ranking high in Home Equity Conversion Mortgage endorsements and poised for growth.