Market uncertainty and rising costs have led some economists to revise their origination forecast for the rest of this year and into 2027.

A group of 13 publicly traded nonbanks reported a combined $2.20 billion in mortgage-banking income for the second quarter, down 32.3% from the first quarter.

“Affordability deteriorated as mortgage rates moved higher through May and June,” said Varun Krishna, CEO of Rocket Companies.

To help increase earnings, the homebuilder is shifting its focus to higher-priced homes.

"More sellers are entering the market partly because some of them have come to terms with today's somewhat slow housing market; they are accepting that they may need to sell for a slightly lower price than they want, and it may take them slightly longer to do so," Redfin said.

FHFA could soon revise loan level price adjustments at the GSEs.

Elevated interest rates and declining consumer confidence are cutting in to demand for home purchases.

The GSE is selling two pools of nonperforming loans, its first NPL offerings in more than a year.

A rise in purchase-mortgage volume wasn't enough to offset declining refi activity.

Expenses reached their lowest level as measured by basis points since the third quarter of 2021.