Guild Mortgage is advocating for Fannie Mae and Freddie Mac to adopt residual income analysis at scale through ongoing conversations and data sharing. The California-based lender has used this model since 2022 in its “Complete Rate Program” that’s available for government loans. Because Guild retains servicing and issues the loans in Ginnie Mae pools, the company is able to set its own […]

Some national headlines are pointing out that mortgage rates are higher this week. Those are based on weekly survey data which can often be stale compared to daily rate movement. Actual average rates are now in line with last Thursday’s levels of 6.58% for top tier 30yr fixed scenarios. That’s just 0.02% higher than May

The U.S. Department of Housing and Urban Development is looking to update the definition of a manufactured home and support opportunities for multistory manufactured housing. Processing Content Under the proposed rule published in the Federal Register Friday, the new definition of a manufactured home, as mentioned in the Manufactured Home Construction and Safety Standards, also