National Mortgage News

"The shortage of available housing units relative to the number of families needing homes nationwide is estimated to be in the millions, creating strong tailwinds for our growth," said Joseph Negri, Evergreen Residential CEO.

"Independently, these various violations could be understood, but collectively, they show a pattern that raises concerns," said Boston University's Mark Williams, who is a former bank supervisor at the Federal Reserve.

“This is a strong signal to come off the sidelines and avoid trying to time the interest rate market,” said Emanuel Santa-Donato, senior vice president and chief market analyst at Tomo.

The COMMUNITY HOME LENDERS OF AMERICA has also proposed a workaround to curb trigger leads, urging the CFPB to use the Fair Credit Reporting Act to protect consumers from unwanted calls.

“I don’t see a way forward for originators who don’t have a way to hold onto the asset,” said Vince Zenner, a managing director and portfolio manager at Rate told attendees at Information Management Network’s Mortgage Servicing Rights Forum in New York.

President-elect Trump’s victory has those in the mortgage industry feeling optimistic about some potential policy changes. Read more about how his win will impact the industry, as well as other post-election updates. #election2024 #mortgages

"It is definitely turning and feels better," said Don McCree of head of commercial banking at Citizens Bank. Lingering challenges "are easily manageable."

Only the effective rate for Federal Housing Administration-backed loans declined last week, the Mortgage Bankers Association said.

Independent mortgage banks see value in utilizing AI to solve mundane tasks, but some are reluctant to go all in because of the tough market for originations.

The Federal Reserve began cutting rates in September. The December meeting is its last of 2024. Will the cutting continue, or will there be a pause? Join us live on Dec. 19 at 1 p.m., Eastern, as Doug Peta, chief strategist, U.S. investment strategy, at BCA Research, discusses the meeting and future policy.