Interest rates on mortgages have risen from 5.98% in late February to 7.03% this week.

A stronger than anticipated report on manufacturing Wednesday convinced a growing share of players in the financial markets that the Federal Reserve will have to hike the federal funds rate again in the coming months.

Servicing profits dropped even more than production income on a percentage basis.

Through the end of the year, brokers can receive no-cost processing on three Underwriting+ loans.

Fannie Mae pushed back a deadline for changes to how the government-sponsored enterprise handles rental income for mortgage borrowers to Dec. 1.

Rocket Mortgage’s deliveries ebbed 3.4% from July, to $7.76 billion, but its edge over United Wholesale Mortgage expanded as the latter saw a 13.1% monthly decline in GSE sales to $5.81 billion.

Under the draft revisions to the FHA handbook, FHA would accept the property condition and quality ratings scale used by the government-sponsored enterprises.

The homebuilder focuses on selling to first-time homebuyers and saw declining sales and margins on an annual basis.

It’s the first securitization of home equity loans on the shelf operated by Angelo Gordon, which was acquired by TPG in 2023.

Mortgage applications declined by 1.5% on a weekly basis last week.