With zero change versus Thursday’s latest levels, the 30yr fixed mortgage rate index maintained a 0.03% range for the entire week (and 0.04% going back to last Tuesday). At 6.32%, today’s mark is close enough to Friday’s 6.29% to say rates are hovering at the lowest levels in more than a month. The sideways drift […]
Rates End Week Close Enough to Recent Lows Read More »
Government mortgage-backed securities guarantor Ginnie Mae announced that it’s changing how it will be tracking delinquencies in monthly issuer reporting to account for impacts from a rule change. Processing Content To address the uptick in a large number of older loans entering trial payment plans as a result of the Federal Housing Administration’s adjustment to
Ginnie Mae pauses delinquency rules amid FHA waterfall shift Read More »
Key insight: Elevated payoffs and paydowns in Flagstar’s commercial real estate portfolio were driving factors in the bank’s decision to lower its earnings guidance for 2026 and 2027. What’s at stake: The bank is trying to remix its loan portfolio as part of a turnaround that involves reducing its historically high concentration in commercial real
Flagstar pares back earnings outlook amid elevated CRE payoffs Read More »