The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.58% in the week ending July 3, according to the MBA.

“The market wrestled with some uncertainty throughout the spring shopping season, but mortgage rates declining from their mid-spring peak has added some extra heat as we head into an already toasty summer,” said Mischa Fisher, chief economist at Zillow.

Among Two Harbors Investment shareholders that voted for or against CrossCountry Mortgage's planned acquisition of Two Harbors, 69.7% voted in favor.

“I understand how the Department of Housing and Urban Development and FHA operate behind the scenes, how decisions are made, and what it takes to successfully close complex financing transactions from both sides of the table,” Frank Cassidy wrote on Linkedin.

Delinquencies on DSCRs typically don’t get reported on a borrower’s credit report until there is an actual notice of default on the property.

Home prices will increase 4.8% on an annual basis as of April 2027, according to projections by Cotality.

Some usually active issuers had no issuance in the second quarter, including Citigroup, Bayview Asset Management, Radian Mortgage Securities and Nomura Securities.

The agreement ends a lengthy process that included four shareholder vote postponements and a public bidding war with United Wholesale Mortgage.

CHLA suggested the facility be modeled after the pass-through assistance program Ginnie launched in 2020 to support servicers facing liquidity shortfalls due to pandemic-related borrower forbearances.

The new company will focus on servicing loans in a way that keeps loan officers connected with their clients.