Scaling from Freelancer to Business Owner

The top female loan originator in the mortgage industry logged $186.5 million in dollar volume over the course of 2024. View the full article

Purchases of new single-family homes increased 11% last month to a 743,000 annual rate, the highest level since February 2022, according to government data. View the full article

Rapidly rising tuition and housing costs both contributed to lower homeownership rates and a more than twofold surge in student debt in under 15 years. View the full article

The 14.3% rate for deals withdrawn in any April is the highest level other than in Covid-impacted 2020, as homebuyers reexamine the market, Redfin said. View the full article

Yields on the 10-year Treasury have been climbing because of the Moody's U.S. downgrade, the tax bill under debate in Congress and possible GSE reform. View the full article

Bond yields are shooting up for the second time in as many months. Federal Reserve Gov. Christopher Waller attributes the volatility to concerns about rising national debt levels. View the full article

The increase reflects a broader trend that rating agency analysts are watching closely as depository ties to other types of financial institutions grow. View the full article

The number of major housing markets with annual home price declines is the largest since late 2023, when average mortgage rates were above 7.5%. View the full article

The unexpected drop to the slowest pace in seven months was driven by ongoing affordability constraints and is a lackluster start to the Spring selling season. View the full article

Panelists at the Mortgage Bankers Association's conference credited investors for helping create the conditions strengthening performance of non-QM portfolios. View the full article

The state's regulator said the insurer must show it will cover more homeowners, and be more transparent. Consumer advocates want more concessions, saying the insurance crisis can't be solved on the backs of homeowners. View the full article

The contract rate on a 30-year mortgage rose 6 basis points to 6.92% in the week ended May 16, according to Mortgage Bankers Association data released Wednesday. View the full article

Fair Isaac Corp.'s shares saw their worst day since March 2020 on Wednesday, falling alongside credit bureau stocks after the head of the Federal Housing Finance Agency questioned credit report pricing. View the full article

Getting settlement agents and other stakeholders involved was a challenge, but e-note use has finally become routine for some mortgage lenders buying loans. View the full article

As private credit tops $1 trillion, Fed researchers warn bank exposure to the sector could spark systemic risk if defaults spike. View the full article

The move comes as the House of Representatives passed a successor bill this week to support distressed homeowners served by the Department of Veterans Affairs. View the full article

Whether in fake ads or misleading documents, anywhere fraud might be happening on Google, banks have a new way to quickly shut it down. View the full article

Alanna McCargo said her return comes at a time when there are "significant policy challenges ahead for affordability, community investment and inclusive finance." View the full article

Increases in gross domestic product and home sales expectations compared with April are the drivers of Fannie Mae's latest mortgage outlook for 2025 and 2026. View the full article

The federal official told a group of bank supervisors that the move, which Democrats oppose and the industry has mixed views on, will give them more autonomy. View the full article

The startup, which emerged from Y Combinator in 2023, has deployed its software at a long list of community banks and fintechs, including Grasshopper Bank and First Internet Bank. View the full article