Economists at Fannie Mae revised their interest rate projections, anticipating that rates on mortgages will stay higher for longer.

ARMs accounted for 14.3% of total originations last year, up from a 13.8% share in 2022.

"Using third parties to circumvent this insurance feature creates uncertain financial risks for lenders and for Treasury Department’s ongoing financial support of the GSEs," said Edward DeMarco, president of the Housing Policy Council.

The trade group is seeking guidance on a requirement that lenders consider and verify a borrower’s reasonably expected income or assets at or before consummation of a mortgage.

The Canada Pension Plan Investment Board manages a pension fund with $448.1 billion in holdings.

Some 0.22% of mortgage borrowers were in forbearance as of the end of February.

MBA said lenders were unable to "sufficiently adjust resources to align with fluctuating rates and volumes"...

Guild held off on disclosing the purchase price for Academy Mortgage until filing its annual report.

With rates rising, MBS prices are once again skidding, causing traders to rethink their plans for the immediate future.

Blend took a loss of $179.9 million for the full year 2023 after a loss of $763.8 million the previous year.