Mortgage defaults level off in June, FHA new defaults down 15%

New mortgage default activity remained stable in June, with new defaults among Federal Housing Administration (FHA) borrowers falling 15% from a year earlier, marking the largest annual decline in more than four years. That’s according to Intercontinental Exchange’s (ICE) latest First Look Mortgage
Read MoreNon-agency is not subprime. The mortgage industry needs to start acting like it.

In the mortgage industry, no word carries more stigma than subprime. For anyone who lived through 2008, it brings up memories of falling home values, rising foreclosures and a financial system that nearly came apart at the seams. Pinning that same reputation on non-QM lending is a mistake the indust
Read MoreExecution is the edge mortgage banks can control

When rates surged and the mortgage market shifted almost overnight, lenders were forced into difficult decisions. Growth plans changed. Costs were reassessed. Teams had to adapt quickly to a different operating reality. At Atlantic Bay Mortgage Group, that moment reinforced a simple truth: While mar
Read MoreHouse subcommittee probes Compass MRED private listing network deal

A House Judiciary subcommittee is pressing Compass International Holdings and Midwest Real Estate Data (MRED) to explain their nationwide private listing network partnership, citing concerns that the arrangement could limit transparency, reduce competition and harm homebuyers and sellers. The House
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