The housing market’s rapid shifts — which have been spurred on by a combination of fluctuating mortgage rates, chronically low levels of inventory, confusion of whether an economic recession is just around the bend, and other unique factors, like a slew of bank collapses — are continuing to have an oversized impact on the mortgage industry, even as the Fed halts its interest rate hikes. Home prices grew in 93% of markets in the first quarter, mortgage rates have remained in the low-to-mid 7% range and purchase mortgage applications have remained below even spring of 2023’s modest figures. The Mortgage Bankers Association reported in May that the average independent mortgage bank lost $2,109 per loan in the fourth quarter of 2024 and many lenders are staring at an eighth consecutive quarterly loss, with the better positioned mortgage lenders having relied on mortgage servicing revenue to patch up losses elsewhere. Experts had hoped that the spring buying season would be the key to turning things around, but so far, the housing market remains in a slump.

In turn, it’s perhaps more important than ever for industry professionals to stay in the loop on what’s happening within the mortgage industry. From industry insights to expert analysis and mortgage rate forecasts, HousingWire’s mortgage industry coverage can help keep you informed on the news you need the most, even in the most unusual of markets. Sign up here to get the latest in leading mortgage news delivered to your inbox each day.

Mortgage News

As workers enter the retirement ‘red zone,’ they should opt for less investment risk 

Jul 15, 2024By Neil Pierson

A new column published by Kiplinger advises that people nearing the age of retirement should focus on safer investment strategies.

• HUD accuses Rocket, appraisal companies of discrimination 

  Jul 15, 2024By Flávia Furlan Nunes

• Mark Calabria on housing and GSE conservatorship under Trump 2.0 

  Jul 15, 2024By Flávia Furlan Nunes

• RMI’s Lunde: Data is important but only shows part of the reverse mortgage picture 

  Jul 15, 2024By Chris Clow

• Dominion Financial adds Dustin Wells to head up wholesale division 

  Jul 15, 2024By Neil Pierson

• Rocket Pro TPO waives origination fee for home equity loans  

  Jul 15, 2024By Flávia Furlan Nunes

• Mastering the narrative: Strategic messaging for loan officers 

  Jul 15, 2024By Rene Rodriguez

• Q2 mortgage volumes improve at Wells Fargo, JPMorgan and Citi 

  Jul 12, 2024By Flávia Furlan Nunes

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