News
April Housing Inflation Data Fills in The Dots That Went Missing During The Government Shutdown
2+ day, 18+ hour ago (252+ words) The Bureau of Labor Statistics released a highly technical research paper this week examining how the agency handled missing shelter inflation data during the October 2025 government funding lapse. The issue stemmed from the CPI's housing survey, which was unable to…...
Mortgage Rates Surge Toward 8-Month Highs
2+ day, 20+ hour ago (394+ words) Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China. As soon as Trump got back on the plane to head home, bonds…...
Servicer Retention Fell in Q1, But Remains at Multi-Year Highs
2+ day, 19+ hour ago (249+ words) Refinance activity continued to recover in the first quarter of 2026, but mortgage servicers retained a smaller share of borrowers despite the stronger lending environment, according to the latest ICE Mortgage Monitor. ICE estimated that roughly 585, 000 first-lien refinances totaling $242 billion closed…...
Purchase Activity Lifts Mortgage Applications Despite Higher Rates
2+ day, 19+ hour ago (300+ words) Mortgage applications increased modestly last week, as stronger purchase activity more than offset a slight decline in refinances. The Mortgage Bankers Association (MBA) reported a 1. 7% increase in total application volume on a seasonally adjusted basis for the week ending May…...
Existing-Home Sales Flat Year Over Year Despite Inventory Gains
2+ day, 19+ hour ago (244+ words) Existing-home sales edged slightly higher in April, stabilizing after March's decline as improving affordability and increased inventory provided modest support for buyers. Sales increased 0. 2% to a seasonally adjusted annual rate of 4. 02 million, matching the pace seen one year ago. "Despite…...
HELOC, DPA, U/W Fees Waived Products; Delinquencies Edge Higher; Conv. Conforming Changes
2+ day, 22+ hour ago (565+ words) Lender and Broker Products, Software, and Services With all the machinations going on in the upper levels of the servicing world, it is important to remember that individuals and families are involved. Granted, servicing is a great asset, but management…...
Mortgage Rates Move Moderately Lower
3+ day, 18+ hour ago (351+ words) May continues to be a more volatile month than the bulk of April when it comes to day over day mortgage rate movement. While the average day has seen that volatility play out in favor of higher rates, today was…...
AI MBS Trading, AI Workflows, Sub-Servicing, e Note, Asset-Based Lending Tools; Colorado Revamps AI Law
3+ day, 22+ hour ago (325+ words) How do you go about trying to run your company's AI efforts without knowing the rules? Testing suggests Google's AI overviews tells millions of lies per hour. Colorado rewrote its landmark AI law: "Unpacking SB 26-189 and what it means for…...
Mortgage Rates Officially at 6 Week Highs
4+ day, 18+ hour ago (339+ words) Mortgage rates rose somewhat sharply yesterday to match the highest level since March 27th. They're just a hair higher today, thus officially at 6-week highs. Whereas yesterday's Consumer Price Index (CPI) didn't have an obviously negative impact on rates, today's Producer…...
PPI Hit Even Harder Than CPI, But Damage is Minimal
4+ day, 23+ hour ago (276+ words) The Producer Price Index (PPI) is much more volatile and, on average, much less of a market mover than the Consumer Price Index (CPI), but occasionally, it swings for the fences. Today's release is a clear example with the monthly…...