Friday saw mortgage rates move back up near the highest levels of the week, and thus the highest levels of the past 3 months. Thus ends another week where mortgage rates end higher despite a Fed rate cut. We’ve beaten this horse to death, but here are the two key reasons Fed rate cuts don’t […]
Anyone Who Tells You They Know What Happens Next For Rates is Lying Read More »
Borrower equity in the U.S. saw a third-quarter pullback, while a corresponding increase in underwater mortgages is raising concerns about the financial health and debt levels of some homeowners, according to Cotality. Processing Content Home equity levels declined by $373.8 billion year over year in the third quarter, representing a drop of 2.1% to approximately
US home equity drops $374B as underwater mortgages rise Read More »
Fitch Ratings says its 2025 review of nonbank mortgage lenders reflects how the biggest players have strengthened their franchises during three years of consolidation. Processing Content “The largely stable outlooks reflect Fitch’s expectation that the operating environment will improve moderately and financial metrics will remain within rating sensitivities,” the report said It cited Inside Mortgage
Fitch flags rising leverage across nonbank lenders Read More »