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MBA Purchase Index Up Against Weak Prior Year

July 18, 2025
Emmeline Willey
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.
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Court Rules No Refund on Voluntary PMI Cancellation

July 18, 2025
Emmeline Willey
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.
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Young People Relying on Family for Downpayment

July 18, 2025
Abby Zimmardi
A Redfin survey found that almost 25% of recent young homebuyers used family money to fund their downpayment.
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Grapevine: MISMO Floats AI Glossary; IT Services for Lenders

July 18, 2025
Namrata Bhatia
The Mortgage Industry Standards Maintenance Organization has published a glossary of artificial intelligence terms and definitions.
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Purchase-Mortgage Volume Strong at FHA, VA in 2Q

July 3, 2025
Brandon Ivey
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.)
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Pulte Order Adds Crypto to the Mortgage Equation

July 3, 2025
Dennis Hollier
The FHFA director last week directed Fannie Mae and Freddie Mac to figure out how to use cryptocurrency in the mortgage underwriting process.
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Mortgage Tech Platform Pauses as Investors Bail

July 3, 2025
Emmeline Willey
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.
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Lenders Putting Greater Emphasis on Servicing

July 3, 2025
Abby Zimmardi
Mortgage servicing is becoming more valuable as lenders look for ways to boost originations.
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Federal Reserve Officials Grapple With Housing Supply

July 3, 2025
Abby Zimmardi
Leaders from some of the regional Federal Reserve banks discussed the lack of housing supply and how they are addressing challenges to find solutions.
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Housing Affordability Crisis Persists, Researchers Say

July 3, 2025
Emmeline Willey
The gap between wages and homeownership costs widened in the second quarter of 2025, although it showed signs of stabilization on an annual basis.
Read More
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