National Mortgage News

“While we are rightly focused on areas where housing prices are far too high, there are many areas in the industrial Midwest and rural areas throughout the country where home prices are so low they are difficult to mortgage,” said David Dworkin, National Housing Conference president and CEO.

"Digital negligence is real — consumers expect companies to use appropriate safety protocols," said banking industry veteran and consultant Allison Sagraves.

"You're only bringing more people into the market for the same set of homes," said Micah Jindal of Boston Consulting Group. "That will actually increase home prices even more."

"We need more people who understand banking and have done banking involved in the policymaking process," Gov. Michelle Bowman said.

Improving inventory is mitigating the damage in at least one category of purchase loans.

Fairway is the country's fifth-largest mortgage originator by volume.

A drop in interest rates has led to an increase in mortgage applications. While this may provide some relief for potential homebuyers, experts advise caution as the long-term implications for housing affordability are still unclear. Stay updated on the latest housing market trends by reading our in-depth article. #mortgage

“Historically, defect rates decrease when there is a decline in origination levels; however, that was not the case for Q1,” said Nick Volpe, executive vice president at ACES Quality Management.

A complaint alleges that Fairway concentrated its retail loan offices in majority-white areas and spent less than 3% of its direct mail advertising in majority-Black areas.

Government incentives for developers “could really kickstart, at the beginning, step one in increasing housing supply,” said Scott Haymore, head of mortgage capital markets and product management at TD.