Higher mortgage rates have tended to slow housing data over the past few years and that has been the case in 2026. But this year has been a bit more orderly since mortgage rates haven’t broken over 7%, and last week was another example of that. As always with my work, I believe mortgage rates […]
Housing demand has slowed, but still stable for now Read More »
What does the Wall Street Journal have against nonbanks? That was my first thought when I read the Journal’s recent op-ed: UWM is a government mortgage canary. The op-ed used UWM’s announcement of a $2.05 billion strategic capital partnership to warn against the “riskier” mortgage loans originated by nonbanks. In a rebuttal letter to the
The WSJ is wrong about FHA loans and nonbanks, and they know it Read More »
Lenders expect model consistency will be required at the loan level
FHA expected to keep Classic FICO as it adds new models in January Read More »