The U.S. Senate voted 56-43 to confirm William Pulte as Director of the Federal Housing Finance Agency (FHFA). The bipartisan vote comes quickly after the Senate Banking Committee favorably reported Pulte on a 15-9 vote last week. This move is getting high industry praise. Here’s what has been said:
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Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in the fourth quarter of 2024, a decrease from the reported net profit of $701 per loan in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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A new report released today from ServiceLink revealed that Gen Z remains eager and ready to buy a home this year. But high interest rates and home prices could deter them from crossing the finish line as their tolerance is waning. The annual survey analyzes generational trends among recent and prospective homebuyers, revealing their sentiment about the current housing market and their intentions to purchase, refinance or leverage home equity this year.
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Mortgage Capital Trading, Inc. (MCT®) has integrated with Fannie Mae’s new Loan Pricing API. By combining various price factors and utilizing a broader set of data found in bid tapes, the new API provides greater price transparency on certain loans.
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2025 shows mortgage applications for new home purchases decreased 6.9 percent compared from a year ago. Compared to January 2025, applications increased by 0.3 percent. This change does not include any adjustment for typical seasonal patterns.
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X5 Home Loans is making home financing more seamless than ever through its strategic partnership with Calque. By integrating Calque’s Buy Before You Sell products into their offerings, X5 Home Loans is redefining the traditional home buying and selling process—giving homeowners more control, confidence, and convenience.
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Mortgage applications increased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 7, 2025.
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MISMO published the SMART Doc® V3 Sample Package. This resource is part of MISMO’s larger effort to modernize the industry’s data exchange methods by facilitating broad adoption of SMART Docs® beyond the eNote.
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The Community Home Lenders of America (CHLA) released the following statement in response to HUD’s action, published in the Federal Register – to delay by six months the compliance deadline for a requirement that new homes financed with FHA loans must meet the International Energy Conservation Code (IECC) energy standards for new homes:
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Snapdocs, a digital closing provider, today announced the availability of two new capabilities: Quality Control (QC) and Trailing Document Management. These advancements are part of the company’s broader strategy to automate the complex closing tasks beyond the eSignature.
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