The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.58% in the week ending July 3, according to the MBA.

Delinquencies on DSCRs typically don’t get reported on a borrower’s credit report until there is an actual notice of default on the property.

Home prices will increase 4.8% on an annual basis as of April 2027, according to projections by Cotality.

Some usually active issuers had no issuance in the second quarter, including Citigroup, Bayview Asset Management, Radian Mortgage Securities and Nomura Securities.

Industry leaders believe lenders need to work more closely with AI vendors to avoid compliance issues.

Two class-action lawsuits brought forward last month allege the company is trying to circumvent the Truth in Lending Act by claiming HEIs are not loans.

Figure has closed its first fully prefunded securitization of home equity lines of credit.

AI is gaining momentum as a tool used in the non-qualified mortgage underwriting process, according to executives at non-QM lenders.

An affiliate of Bayview Asset Management is marketing a mortgage-backed security of closed-end second-lien mortgages originated by Rocket Mortgage.

Hometap is now offering its home equity investment product in five new states: Georgia, Montana, Tennessee, Idaho and Delaware.