After bottoming out around 6.5% in late June, mortgage rates moved steadily higher this month, ultimately hitting 6.85% last Thursday–the highest level in over a year. There was a modest recovery on Friday with a fair amount of intraday changes from the average mortgage lender. Because rates are based on bonds, it’s worth noting that […]
Mortgage Rates Roughly Unchanged Versus Friday’s Lows Read More »
U.S. Federal Housing is seeking to remove regulatory barriers for Federal Home Loan Banks to promote innovation and lower costs. Processing Content The agency, previously known as the Federal Housing Finance Agency, proposed a complete repeal of Title 12 of the Code of Federal Regulations part 1272, which currently requires FHLBanks to submit formal notices
FHFA seeks to remove regulatory requirements for FHLBanks Read More »
Second lien and home equity line of credit residential mortgage-backed securitization issuance so far in 2026 is the most through this time of the year since the Great Financial Crisis, Bank of America Securities said in its weekly securitization report. Processing Content Issuance as of July 24 of this segment of non-agency was $24 billion.
Second-lien issuance expected to reach $41 billion this year Read More »