Contracts, Invoices & Legal

The $13 billion auction was awarded at 4.846%, about a basis point lower than its yield in trading just before 1 p.m. View the full article

While the Freddie Mac survey recorded a weekly decline, the benchmark 10-year Treasury yield had moved back up by 6 basis points around midday on Thursday. View the full article

GSMBS 2026-PJ2's losses are based on a senior-subordinate, shifting-interest structure and Fitch expects a 10.3% final probability of default in the AAA rating stress. View the full article

The housing supply gap hit an estimated 4.03 million, an increase from 3.8 million in 2024, as new construction fell short again, according to Realtor.com. View the full article

Borrowers or lenders could use the prediction markets as a hedging tool, although experts noted the lack of trading volume as cause for caution. View the full article

CEO Anthony Hsieh said refinances should provide notable benefit to its direct lending unit a day after LoanDepot announced a return to the wholesale channel. View the full article

The wholesale lender says it agreed to a $660,000 deal last summer for employees seeking overtime pay, an agreement the plaintiffs say never existed. View the full article

Fannie Mae and Freddie Mac have begun placing sizable orders to purchase mortgage-backed securities, stepping into a market roiled by widening bond spreads and a surge in volatility, according to a person with direct knowledge of the matter. View the full article

United Wholesale Mortgage is offering revised terms. The mortgage real-estate investment trust that owns RoundPoint also received a third offer it's considering. View the full article

There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a Redfin report. View the full article

The contract rate on a 30-year mortgage rose 13 basis points to 6.43% in the week ended March 20, according to Mortgage Bankers Association data released Wednesday. View the full article

The national delinquency rate ticked up seven basis points to 3.72% last month, coupled with a 10-basis-point increase in prepayment speed, according to ICE. View the full article

Americans who qualify for a mortgage with Better will be able to use Bitcoin or USDC as collateral to fund their down payment through a private loan. View the full article

New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink. View the full article

The setback pared a weekly gain for US government bonds sparked by an April 8 ceasefire agreement, which caused oil prices to tumble from near multiyear highs. View the full article

This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power. View the full article

Surge, which claims to serve some of the nation's larger wholesale players, said the lender's behavior was reminiscent of its spat with Black Knight. View the full article

Treasurys posted solid gains Friday as oil futures dropped $15 a barrel, while the S&P 500 logged its 10th straight day of higher highs, according to the head of correspondent business development at AD Mortgage. View the full article

Real is acquiring Motto's parent Remax in a deal valued at $13.80 per share, as the new Real Remax Group will have "two distinct models, one platform." View the full article

The opinion that supports national banks' ability to avoid paying interest on certain mortgage accounts in New York is unlikely to be the last word. View the full article

Sales of previously owned US homes barely rose in April from a nine-month low, underscoring a sluggish housing market at the start of the spring-selling season. View the full article

Certain private-label securities may get a lower risk weighting for bank capital and separately, second liens have new uniform guidelines for TRID. View the full article