Homebuyers are still waiting to move off the sidelines despite a recent reprieve in mortgage rates, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 29.
Among purchase-mortgage applications received last year, lenders denied 7.79% of conventional mortgage applications, 8.10% of VA loan applications and 12.70% of FHA loan applications.
Onity revised the terms of its sale of home equity conversion mortgage servicing rights to Finance of America Reverse after receiving feedback from Ginnie Mae.
Net income at the Federal Home Loan Banks fell from $1.36 billion in the fourth quarter of 2025 to $1.30 billion in the first quarter of 2026, according to a new Inside The GSEs ranking and analysis.
Cotality’s latest National Mortgage Application Fraud Risk Index found that an estimated one in 129 mortgage applications showed indications of fraud in the first quarter.