The Mortgage Bankers Association’s purchase index is a poor indicator of the health of the housing market this year, primarily because government loan applications were significantly down this time last year, according to Goldman Sachs analysts.
A U.S. appeals court ruled that a borrower is not entitled to a refund of prepaid private mortgage insurance if voluntarily canceled before the statutory termination.
FHA and VA purchase-mortgage volume increased by nearly 30% in the second quarter of 2025 compared with the previous quarter. GSE mortgages with private MI and agency purchase mortgages without primary MI lagged behind. (Includes two data tables.)
RealKey, an automated loan processing platform, paused operations at the end of May. The startup’s CEO said the investment community has shied away from the mortgage tech space.