Mortgage rate projections have shifted notably higher in the past month, adding to origination challenges in a market where housing demand is wavering, according to Fannie Mae. Processing Content Previous forecasts suggested long-term mortgage rates would average around 6.3% going into 2027, but now they’re on track to be as much as half of a […]

Independent mortgage banks have become a cornerstone of the American housing finance system. They originate a majority of new mortgages, service a growing portion of federally backed loans, and provide credit access in communities that might otherwise be underserved. Yet the regulatory framework governing large IMBs has not kept pace with their importance. Processing Content

Pending sales of previously owned US homes dropped in July to the weakest since the start of the year, illustrating a housing market plagued by elevated mortgage rates and prices. Processing Content An index of contract signings decreased 2.3% to 71.2, the lowest since January and matching the second-worst reading in data back to 2001,