Maryland Bank to Acquire Mortgage Broker Shop July 9, 2025 Brandon Ivey The Bank of Glen Burnie will pay $750,000 along with sharing profits for three years and an origination-based add-on.Read More
Shift by FHFA Opens GSE Securitization Platform to Others July 9, 2025 Dennis Hollier Banks and private issuers will now be able to obtain a license from the renamed U.S. Fin Tech to issue GSE-grade securities (minus the GSE guarantee).Read More
Short Takes: FICO’s Reaction / Applications Increase / FHA Foreclosure Moratorium in Texas County / Fannie Selling NPLs / Still Retiring From PulteGroup July 9, 2025 Dennis Hollier and Brandon Ivey FICO's stock price took a hit after the FHFA announced that the GSEs will immediately accept VantageScore 4.0.Read More
Government-Insured Purchase Mortgages Outpace Competition July 8, 2025 Brandon Ivey FHA purchase-mortgage business in Ginnie Mae MBS hit $54.47 billion in the second quarter of 2025.Read More
Prices for New Homes Declining at Accelerated Rate July 8, 2025 Brandon Ivey To help combat a decline in demand for new homes, homebuilders have reduced building activity to some extent and leaned on incentives such as mortgage buydowns.Read More
Mortgage Locks Tick Up in June With Refi Push July 8, 2025 Brandon Ivey Locks were up 2.0% from May.Read More
Short Takes: Employment on Shaky Ground / U.S. Citizen Share of Mortgage Lending Rising / Home Sales Slowing / New Wholesale Option for RTLs July 8, 2025 Brandon Ivey Some 29% of households surveyed by Fannie Mae in June said they were concerned about potentially losing their jobs, up from a 22% share in May.Read More
Not a Whole Lot of Hiring in the World of Mortgages July 7, 2025 Paul Muolo Loan brokerage firms had 83,600 workers on their payrolls as May closed out, off 100 from April 30.Read More
Popular Stock Trading App Offers Mortgage Discounts to 'Gold' Members July 7, 2025 Shannon Clark Robinhood's Tenev said the interest rate on a 30-year fixed-rate mortgage could be 6.11% for Gold members.Read More
Retail Share of Nonconforming Lending Declines in 1Q July 3, 2025 Brandon Ivey Both the correspondent and broker channels increased their market share recently.Read More