The Federal Reserve held benchmark rates steady in the range of 4.25% to 4.5% following its two-day meeting on Wednesday, a decision with implications for the mortgage industry. The move, expected by virtually all monetary policy watchers, underscores the challenge facing the Federal Reserve — decid

Even though new home sales showed growth last month, the homebuilders — both big and small — have no desire to grow housing permits or starts with 7% mortgage rates. Housing starts and permits peaked in 2022 and have been fluctuating at levels similar to the early stages of the COVID-19 recession fo

Silicon Valley Bank (SVB), a division of First Citizens Bank, and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity.The funding is expected to support $1 billion in originations over the next two years

Loan volume through the U.S. Department of Veterans Affairs (VA) is up 45% during the first half of 2025 compared to the same period in 2024. That’s according to an analysis of VA loan data released Wednesday by Veterans United Home Loans.The analysis, based on lending data from the first half of fi