Oksenholt Capital says shared infrastructure could lower costs without weakening competition, but mortgage bankers have warned that common ownership could reduce lender choice, innovation, and market resilience
Applications fell 5.7% annually in July, while government-backed mortgages accounted for half of builder-affiliated loan volume
Overall delinquencies dipped in the second quarter, but FHA serious delinquencies jumped 227 basis points from a year earlier as more troubled loans moved toward foreclosure
Payrolls declined in July and previous gains were revised sharply lower, giving the Fed breathing room while raising new concerns about borrower confidence and mortgage-industry employment
Fannie Mae’s new requirements put AI oversight into practice, giving lenders a clear starting point for identifying risk and building responsible governance
Principal-and-interest payments reached $1,522 for lower-payment purchase applicants in June, just $9 below the national median asking rent
Pending sales fell to their lowest level since early April, but lower asking prices and reduced competition give originators more options to structure deals for qualified borrowers
Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief
Aikin brings more than three decades of experience spanning mortgage banking, risk management and capital markets
Purchase demand softened while refinance activity continued to show resilience despite higher borrowing costs