MorVest Capital is brokering the sale of agency mortgage servicing rights with an unpaid principal balance of $2.41 billion.

Last week was the first time in three and a half years that the 30-year FRM interest rate has dropped into the 5% range.

About 21% of homeowners have a rate of 6% or higher, the highest share in a decade.

Some $401.0 billion of nonconforming mortgages were originated in 2025.

"We structurally doubled the capacity of every production team member through technology," said Varun Krishna, CEO and director of Rocket Companies.

The Senate is poised to vote on legislation aimed at addressing housing affordability.

United Wholesale Mortgage’s share price declined by nearly 9% Wednesday.

Incentives offered by Hovnanian Enterprises for home purchases appear to be levelling off.

Ryan Dempster, president and CEO of Willamette Valley Bank, cited competition and elevated interest rates as factors that drove the bank away from mortgage lending.

The total delinquency rate declined by 3 basis points on a monthly basis to 3.65% as of the end of January, according to Intercontinental Exchange.