Endorsements of Home Equity Conversion Mortgages surged noticeably last month from a short February, but volumes are still showing weakness compared to second-half 2025 levels. Processing Content HECM endorsements increased 16.3% month over month in March to 2,117 loans, according to the latest data from Reverse Market Insight. While welcome news for lenders of the […]
March HECM bump masks a deeper slowdown Read More »
A community lenders group is pressing for more competition in GSE credit scoring and reporting, and a new report backs the push, quantifying recent price hikes and warning that more are coming. Processing Content Credit metric costs have gone from a range of $150 to $250 for a conventional loan in April 2024 to an
Mortgage credit costs jumped 10x in 4 years: CHLA Read More »
Mortgage rates have increased for five consecutive weeks, sidelining potential buyers in the middle of the spring homebuying season. Processing Content The 30-year fixed-rate mortgage hit 6.46% this week, an eight-basis-point jump from last week’s 6.38% and the highest mark since early September, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate
Mortgage rates hit a 7-month high, as buyers retreat Read More »