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Mortgage

Plaintiff-drops-140-million-discrimination-lawsuit-against-Cornerstone-Capital-Bank

$140 million discrimination lawsuit against Cornerstone Capital Bank dropped

Ryan Kingsley

The lawsuit dates back to 2023 after the former Cornerstone executive was fired for allegedly breaching fiduciary responsibilities

Latest Updates

Mixed results for new-home purchase applications in August: MBA

Arvind Mohan on the state of fix-and-flip loans and what’s ahead for Kiavi

Insurance challenges force a shift in homebuying behaviors

Equity Prime Mortgage seeks to ‘set the record straight’ on FHA lending curbs

Mortgage credit availability inches up in August amid rise in ARM offerings

Rate-and-term refinances skyrocket in August as non-QM lending hits another record

Sinking mortgage rates drive ‘strongest week of borrower demand since 2022’

House Dems accuse FHFA’s Pulte of weaponizing mortgage data to target ‘political enemies’

The 30-year fixed-rate mortgage fell 0.15% to average 6.35% for the seven-day period ending Sept. 11.

Mortgage rates fall, putting the 30-year in shouting distance of 6%

The 30-year rate sees its biggest weekly decline in the past year: Freddie Mac

Young couple applying for a mortgage loan with a mortgage broker

Mortgage credit availability inches up in August amid rise in ARM offerings

Economic uncertainty and reduced industry capacity ‘continue to keep credit supply relatively low’: MBA

Rate-and-term refinances skyrocket in August as non-QM lending hits another record

Non-qualified mortgages comprised 8.34% of originations last month: Optimal Blue

Rep. Jamie Raskin launches a probe into Bill Pulte's actions as FHFA director, alleging he weaponized mortgage data for political purposes.

House Dems accuse FHFA’s Pulte of weaponizing mortgage data to target ‘political enemies’

Despite lower mortgage rates, overall homebuyer sentiment declined in August, per Fannie Mae survey data.

Job loss concerns mar improving mortgage and home price outlooks: Fannie Mae

The average annual property insurance payment for single-family mortgage holders climbed to nearly 9.6% of average monthly mortgage payments in July.

Home insurance costs average nearly 10% of monthly mortgage payments, an all-time high

Trigger leads bill becomes law as Trump signs legislation backed by mortgage groups

46 independent mortgage banks sign on to letter opposing Fannie-Freddie merger

Lenders originated $288.7 billion in new mortgages for multifamily properties in 2024, according to the MBA.

Multifamily lending made a comeback in 2024: MBA

The 30-year mortgage averaged 6.5% for the week ending Sept. 4, according to Freddie Mac.

Mortgage rates fall to lowest mark since October

Local housing markets in South and West highlight risks of economic shocks

Mortgage applications dropped 1.2% on a seasonally adjusted basis for the week ending Aug. 29.

Mortgage applications fall despite slight improvement in rates: MBA

The Trump administration may declare a national housing emergency as soon as this fall, according to Treasury Secretary Scott Bessent.

As Trump weighs declaring a national housing emergency, senators float policy proposals

Home investors leverage affordability barriers, sustain market share in second quarter

CFPB clears MRAs as mass layoffs loom, raising concerns over mortgage compliance

CFPB’s purge of MRAs invites ‘more chaotic’ mortgage compliance

USMI members ‘ready to implement’ VantageScore 4.0 for Fannie and Freddie loans

‘Typical spring bounce’ as refinance gains offset purchase slowdown

Homebuyer purchasing power improved in July, with positive signs for months ahead

NAMB’s president-elect talks housing affordability, LO comp reform and the AI revolution

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