The mortgage delinquency rate declined to 3.04% as of the end of May, down from 3.09% at the end of April, according to Intercontinental Exchange.

The CFPB issued a proposed order that would require Freedom Mortgage to pay a $3.95 million penalty for submitting “error-riddled” data under HMDA.

The Federal Reserve reported $445.78 billion of non-agency MBS outstanding at the end of March, up 2.6% from December.

Home prices are slowing and an expected decline in interest rates could prompt further changes in the trajectory of home prices.

PMT is a sister company to PennyMac Financial Services, one of the largest lender/servicers in the nation.

Panelists at the Non-QM Forum noted the growing demand for non-QM whole-loan sales.

Hometap started offering HEIs in 2018 and has originated 11,373 HEI contracts across 18 states with an aggregate investment amount of more than $1.1 billion, according to Morningstar.

“There have been just two months in the past decade with fewer home sales [than in May 2024]: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic brought the housing market to a halt and home sales to a record low,” Redfin said.

Banks and thrifts held $2.52 trillion of first liens in portfolio as of the end of March.

Redfin’s homebuyer demand index declined by 2% on a monthly basis in early June.