January 7, 2025
Since 2022 mortgage interest rates have risen sharply, after years of historic lows. Try our calculator below to see how your fixed rate mortgage might be affected. This mortgage calculator uses a standard mortgage repayment formula to estimate the monthly… Continue Reading…
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced a planned leadership transition where Ethan Lebowitz will succeed Steven Plust as Chief Operating Officer by May 1, 2025. Lebowitz will serve as Deputy COO until the… Continue Reading…
Today’s mortgage rates have increased. According to Zillow, the 30-year fixed mortgage rate has risen by four basis points to 6.71%, and the 15-year fixed interest rate is up four basis points to 6.04%. Mortgage interest rates are expected to… Continue Reading…
The popular 30-year fixed averaged 6.91% to begin 2025, per the latest Freddie Mac data. This means mortgage rates are now on par with 2001 levels, when the 30-year averaged 7.03% in the month of January. During that year, the… Continue Reading…
Although hedge fund manager Bill Ackman’s proposed plan to resolve the government-sponsored enterprise conservatorships is seen as unlikely, analysts believe the release of Fannie Mae and Freddie Mac remains a strong possibility. Rather than forgiveness of the senior preferred shares… Continue Reading…
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra arrives to testify before a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill on December 11, 2024 in Washington, DC. Kent Nishimura/Getty Images hide caption toggle caption Kent Nishimura/Getty… Continue Reading…
January 6, 2025
Much like the rest of 2024, key performance metrics for the reverse mortgage industry went on something of a roller coaster ride for the final month of the year. This is set against a backdrop of changes, with a new… Continue Reading…
The Consumer Financial Protection Bureau (CFPB) has sued Vanderbilt Mortgage & Finance for setting families up to fail when they borrowed money to buy a manufactured home. The CFPB alleges that Vanderbilt’s business model ignored clear and obvious red flags… Continue Reading…
A Washington, D.C. CPA has pleaded guilty to making a false statement on a mortgage loan application and failing to file an income tax return. According to court documents and statements made in court, Timothy Trifilo worked in tax compliance… Continue Reading…
In the newest episode of the Power House podcast, HousingWire President Diego Sanchez sits down for a conversation with Prosperity Home Mortgage CEO Justin Messer. The duo explore Prosperity’s transition from refinances to purchase mortgage originations, the company’s Realtor affiliate… Continue Reading…