Even with the surprisingly strong fourth quarter for origination volume, net production profits at nonbank lenders were down about 44% from the period ended Sept. 30, 2025, the Mortgage Bankers Association found. Processing Content Still, the industry has been profitable three quarters in a row. It follows a run where IMBs averaged losses 10 out […]
IMB profits drop sharply even as volume surges in Q4 Read More »
US mortgage rates jumped last week to the highest level of the year, leading to a sharp pullback in refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 11 basis points to 6.30% in the week ended March 13 following a similar advance at the week before, according to Mortgage Bankers Association
Mortgage rates hit highest this year, slowing refinancing Read More »
US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. Processing Content The average annual premium is projected to increase 4% to about $3,057 this year, after jumping 12% in 2025, according to Insurify, an online insurance comparison site. The expected gain follows several years
Home insurance prices set to keep rising with severe weather Read More »