Mortgage market conditions have improved slightly as the calendar is set to flip to May, but anyone expecting sub-6% rates at the start of the year will be disappointed.Data at HousingWire’s Mortgage Rates Center on Tuesday showed that 30-year and 15-year conforming rates were averaging 6.95% and 6.

A U.S. appeals court on Monday restored a temporary block on mass layoffs at the Consumer Financial Protection Bureau, allowing employees to keep their jobs for the time being despite the Trump administration’s plan to cut the agency’s staff by 90%.On Monday, Judges Cornelia Pillard and Gregory Kats

Foreclosure auction activity across the U.S. rose to a six-quarter high during the first three months of 2025, fueled by a surge in properties that hit the market after the expiration of post-pandemic protections, according to a report from Auction.com.Completed foreclosure auctions were up 20% from

Daniel Dennis, a longtime real estate executive with nearly two decades of leadership experience, has been named senior vice president of sales and service at RE/MAX, the company announced Monday.In his new role, Dennis will oversee sales and support services for brokerages in company-owned regions

After weeks of buildup, it felt like only a matter of time before Compass would file a lawsuit against Northwest MLS (NWMLS) over the latter’s Clear Cooperation Policy (CCP). On Friday, the wait ended as Compass filed an antitrust suit against NWMLS. The filing includes alleged violations of the She

Last week’s pending home sales slipped to 68,000 single-family contracts — an expected Easter holiday lull that marks the first sub-2024 weekly tally in six weeks. Buyers remain mortgage rate-sensitive, of course. April’s tariff-fueled spike in U.S. Treasury yields pushed borrowing costs higher, but

It’s a busy time to be in the proprietary reverse mortgage space, with new and relaunched products hitting the market and other additional features being added to existing product catalogs. Earlier this month, Longbridge Financial announced the addition of Platinum Peak, a new variation of its priva

VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years. The decline was due to overall market conditions and a spike in portfolio analysis conducted by the government-sponsored enterprises (GSEs) in the p

In an effort to provide options for older Americans who want to avoid costly congregate care facilities and intend to age in place, social work researchers at the University of South Carolina will use federal grant dollars to assess the effectiveness of remote home monitoring systems for people who

Following the devastation wrought by Hurricane Helene last year, a recovery action plan needed to access more than $1 billion in federal assistance has been approved by the U.S. Department of Housing and Urban Development (HUD), the office of North Carolina Gov. Josh Stein (D) announced on Friday.Th

In walking back policies designed to boost participation in foreclosed property sales for nonprofit and government bodies, the Federal Housing Administration (FHA) said that policies put in place in 2022 that restrict certain sales to these entities for a 30-day period have produced “mixed results a

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 — a goal of more than 100% growth over the

Since President Trump’s Liberation Day on April 2, mortgage rates, the 10-year yield and mortgage spreads have been on a wild ride. It’s been so wild that the low end of my 2025 10-year yield forecast range of 4.70-3.80% for 2025 was almost officially met. However, last week, mortgage rates and the

The other shoe has finally dropped. After weeks of back and forth online, Compass filed an federal antitrust lawsuit in U.S. District Court in Seattle against Northwest MLS (NWMLS) over NWMLS’s Clear Cooperation Policy (CCP) on Friday.NWMLS is a broker-owned MLS, rather than owned by the Realtor ass

The environmental, social, and governance (ESG) team at Fannie Mae has reportedly been dismissed in its entirety, according to multiple sources who spoke with HousingWire.Laurel Davis, who served as a senior vice president and head of the company’s mission and impact, was reportedly included in the

Reverse mortgage professionals are preparing to travel to Irvine, California, for the industry’s first event of the year, hosted by the National Reverse Mortgage Lenders Association (NRMLA).The association’s Western Regional Meeting is a one-day affair on Tuesday, April 29, that will aim to offer at

Nonprofit housing organization Enterprise Community Partners announced that the U.S. Department of Housing and Urban Development (HUD) has reversed a decision to terminate nearly $10 million in technical assistance funding, reinstating two key federal agreements tied to affordable housing efforts.Th

Home purchase and refinance activity hasn’t exactly been brisk in the opening months of 2025 as prospective borrowers contend with a variety of headwinds. But mortgage origination volumes among the country’s largest lenders are mostly up in the past year.Inside Mortgage Finance (IMF) data for the fi

As technology becomes an increasingly important part of life for people across the spectrum of age, a new mobile application being developed by researchers at the University of Wisconsin-Madison aims to add “augmented reality” to the tools for those seeking to age in place.Augmented reality technolo

The acting head of the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) has issued an updated memorandum of open priority recommendations that aim to increase the department’s efficiency and address key management challenges.The memo, issued this week by S