Andrew Martinez

2 days ago | nationalmortgagenews.com | Andrew Martinez

Mortgage shoppers submitted 1.1% more applications for the week ending May 9 than they did at the end of April, according to the Mortgage Bankers Association. The trade group's Refinance Index also fell 0.4%, as volatility driven by economic uncertainty appears to fade. Consumers watched rates for all but 15-year fixed-rate and jumbo mortgages rise, led by the average contract interest rate for 30-year FRMs rising two basis points to 6.86%.

3 days ago | nationalmortgagenews.com | Andrew Martinez

Better Home & Finance is offering numerous reasons to believe better days are ahead despite its struggle to reach profitability. The digital lender Tuesday morning disclosed a $51 million net loss in the first quarter, in line with net losses of $59.2 million and $50 million in the prior and year ago periods, respectively. Since going public 21 months ago, the company has yet to post a quarterly profit.

1 week ago | nationalmortgagenews.com | Andrew Martinez

The nation's housing regulator is temporarily barred from imposing the Trump administration's agenda on grants for several localities to combat homelessness, a judge ruled Wednesday. U.S. District Judge Barbara Rothstein on Wednesday issued a 14-day temporary restraining order on the Department of Housing and Urban Development, the Department of Transportation, and the Federal Transit Administration.

1 week ago | nationalmortgagenews.com | Andrew Martinez

Federal Housing Finance Agency Director Bill Pulte claims the regulator has made criminal referrals for alleged North Korean and Chinese workers at the government-sponsored enterprises. The director made the claim in a televised interview Tuesday with Bloomberg and didn't share additional details. The FHFA referred five or six different people to the Department of Justice for working at either Fannie Mae or Freddie Mac.

1 week ago | nationalmortgagenews.com | Andrew Martinez

The Federal Housing Finance Agency will allow Fannie Mae and Freddie Mac to "talk to each other" to combat fraud, Director Bill Pulte said. In a post to X (formerly Twitter) Monday evening, the FHFA leader said the collaboration between the government-sponsored enterprises would be subject to terms and legal conditions. Pulte said details would follow, and an FHFA spokesperson didn't respond to a request for comment Tuesday.