Fannie Mae Chief Executive Priscilla Almodovar has stepped down as the Trump administration considers selling shares of the mortgage giant. ...

Mortgage Market - There has been a significant surge in refinancing demand, with refinancing applications growing 4% week-over-week and an 81% increase year-over-year [3] - Mortgage rates have decreased, with the 30-year fixed rate falling to 6.37% from 6.42% [2] - Purchasing applications have seen a 5% increase week-over-week but only a 20% growth year-over-year, indicating ongoing pressures for home buyers [4] Company Earnings - GE Venova reported total revenue of $9.97 billion, exceeding expectations of $9.15 billion, marking the largest earnings beat since its IPO [8] - Adjusted earnings per share came in at $1.64, below the expected $1.95, primarily due to the cancellation of a significant offshore wind project [9] - The electrification segment is experiencing rapid growth, with a backlog of orders expected to last until 2027 [10] Crude Oil Market - Crude oil prices are tracking higher, influenced by trade developments with China and India, despite challenges in reducing Russian oil imports [12][15] - A technical balance is observed in the crude oil market, with prices hitting a key support area around $55 [13] - The potential for new supplies outside of Iran and Russia remains challenging for India, which relies heavily on these imports [16] Commodity Market - Gold is losing momentum but remains steady above the 4,000 mark, while other commodities like silver, copper, palladium, and platinum are showing upward movement [19] - Industrial metals may benefit from a high inflation environment, especially if fiscal policies support economic growth [22] - A hot CPI print could lead to increased demand for metals, particularly silver, as the market adjusts to potential rate-cutting expectations [24]

Core Insights - Mortgage rates have decreased, with the average 30-year fixed rate now at 6.10% and the 15-year fixed rate at 5.42% [1][15] Mortgage Rates Overview - Current national average mortgage rates include: - 30-year fixed: 6.10% - 20-year fixed: 5.56% - 15-year fixed: 5.42% - 5/1 ARM: 6.28% - 7/1 ARM: 6.44% - 30-year VA: 5.53% - 15-year VA: 5.20% - 5/1 VA: 5.64% [4] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, but specific current rates were not detailed [3] Market Trends - Mortgage rates are expected to remain stable in the near term, with the Federal Reserve anticipated to lower short-term interest rates, although mortgage rates may not follow suit [17] - There has been a general downward trend in mortgage rates since the government shutdown, with current rates slightly lower than a year ago [18] Mortgage Types and Characteristics - 30-year fixed mortgages offer lower and predictable monthly payments but come with higher interest costs over the loan's life [7][9] - 15-year fixed mortgages have higher monthly payments but lower interest rates, allowing borrowers to save significantly on interest over time [10][11] - Adjustable-rate mortgages (ARMs) provide lower initial rates but carry the risk of future rate increases, making long-term budgeting more challenging [12][13]

AI, Reverse, Commercial, Underwriting, AVM Tools; LOs and Technology; Non-QM and HELOCs “What do Costco and Las Vegas have in common? You go to buy a gallon of milk, and it costs you $285.” There isn’t a lot of autumn foliage here in Las Vegas, but if you’d like a map of the fall colors, here you go. I’ve received a few comments about how the industry is changing, and in curious ways. There is some creative thinking out there. Along those lines, I received this note. “Rob, have you heard of a title company ...

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is pleased to announce the assignment of preliminary ratings to three classes of FREMF Series 2025-K173 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-173. FREMF 2025-K173 is a $1.3 billion CMBS multi-borrower transaction. Freddie Mac will guarantee five classes of certificates issued in the underlying Series 2025-K173 securitization and will deposit the guaranteed underlying cert ...

MCLEAN, Va., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 2,201 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $438 million, are currently serviced by Select Portfolio Servicing Inc., NewRez LLC, d/b/a Shellpoint Mortgage Servicing, Selene Finance LP, and Nationstar Mortgage LLC, d/b/a Rushmore Servicing. The transaction is expected to settle in ...

U.S. President Donald Trump's administration is "opportunistically evaluating" a public offering for Fannie Mae and Freddie Mac, possibly as soon as end-2025, Federal Housing Finance Agency Director W... ...

Industry Overview - The Mortgage Bankers Association (MBA) forecasts an increase in total single-family mortgage origination volume to $2.2 trillion in 2026, up from $2.0 trillion in 2025, with purchase originations expected to rise by 7.7% to $1.46 trillion and refinance originations projected to increase by 9.2% to $737 billion [1] - Total mortgage origination volume is anticipated to grow by 7.6% to 5.8 million loans in 2026 from 5.4 million loans in 2025 [1] Technology and Innovation - MortgageFlex has launched a cloud-native Loan Origination System (LOS) called LoanQuest, which offers flexibility, scalability, and automation, aiming to redefine the origination experience for lenders [4][5] - Figure has developed an end-to-end DSCR origination platform that allows for quick eligibility determination and closing in as few as 5 days, enhancing efficiency in the DSCR loan market [6] Regulatory Updates - The mortgage lending sector is facing numerous regulatory changes, including updates from the CFPB and new cybersecurity requirements from Fannie Mae, necessitating financial institutions to stay informed on compliance [2] Market Trends - The DSCR loan market is experiencing significant growth, with over $2 billion in loans originated in January alone, highlighting the competitive edge for lenders who can close quickly [6] - The NAHB Housing Market Index improved to 37 in October, indicating a boost in builder sentiment due to lower mortgage rates, although it remains below the 2015-2019 average [14] Agency News - Freddie Mac and Fannie Mae are transitioning agency products into private label securities while assuring that any move away from conservatorship will minimize increases in mortgage rates [9][10] - Freddie Mac has introduced a "Refi Transition Report" and both agencies are focusing on the concentration of servicing in non-depository institutions [11] Economic Insights - The Federal Housing Finance Agency (FHFA) is seeking public feedback on its proposed Strategic Plan for FY 2026–2030, which includes overseeing Fannie Mae and Freddie Mac and managing U.S. Federal Housing Operations [12] - The U.S. Bureau of Labor Statistics is set to release consumer price index figures for September, which will inform the Federal Reserve ahead of its monetary policy meeting [16]

Core Insights - Mortgage rates have fluctuated, with the average 30-year fixed mortgage rate currently at 6.18%, marking its lowest point of 2025 [1][19][21] - Economists do not expect significant drops in mortgage interest rates before the end of the year, although minor decreases may occur [20] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.18% - 20-year fixed: 5.62% - 15-year fixed: 5.51% - 5/1 ARM: 6.38% - 7/1 ARM: 6.35% - 30-year VA: 5.62% - 15-year VA: 5.09% - 5/1 VA: 5.31% [5] Market Conditions - The current housing market is relatively favorable for buyers compared to previous years, with home prices stabilizing after the COVID-19 pandemic [17] - The best time to buy a house is when it aligns with personal circumstances rather than attempting to time the market [18] Refinance Rates - Mortgage refinance rates are generally higher than purchase rates, but this is not always the case [3] - To secure a low refinance rate, improving credit scores and lowering debt-to-income ratios are recommended strategies [22]

Core Insights - LenderMAC has entered into a strategic relationship with Ares Alternative Credit funds, involving a structured debt investment and buying arrangement, which will enhance LenderMAC's growth and origination efforts [1][2] - The partnership is expected to accelerate LenderMAC's growth trajectory in 2026, as the company aims to expand its product offerings and customer base while maintaining cost efficiency for homeowners [2] Company Overview - LenderMAC, founded in 2021 and headquartered in Cypress, California, specializes in a diversified portfolio of mortgage products and services, focusing on innovative lending solutions [4] - Since its acquisition in May 2025, LenderMAC has achieved significant milestones, including establishing a wholesale channel, expanding its lending footprint to over 20 states, and funding its first $100 million in loans [2] Strategic Developments - The collaboration with Ares is seen as a significant opportunity for LenderMAC to capitalize on market growth, with Ares expressing enthusiasm about working with LenderMAC's management team [3] - LenderMAC has refined its AI platform to enhance operational efficiency, including the development of a bank statement analyzer and other AI-driven initiatives [2] Ares Management Overview - Ares Management Corporation is a leading global alternative investment manager with over $572 billion in assets under management as of June 30, 2025, offering investment solutions across various asset classes [5]