Industry News
Coming Up:
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads
Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying
Early Loan-Limit Race Splits Into Three Tiers
Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits
Better, Garg Clash Over Claimed 46% Shareholder Support
Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches
Fannie Changes How Rent From A Former Home Counts
Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac
MPF Expands Eligibility For Manufactured And Renovation Loans
The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance
Fed Hike Raises HELOC Costs While Mortgage Rates Stay Near 7%
Prime rose to 7% while the 10-year Treasury remained near 5%, giving originators two different borrower conversations
Rocket Raises Conforming Loan Limit To $845K Ahead Of FHFA
The higher limit gives brokers more room to keep borrowers from crossing into jumbo territory
Rocket Pro Launches ‘Moving Squad’ To Recruit Brokers From UWM
Rocket is offering partners up to $10,000 to help bring UWM brokers onto its platform