Rejections for mortgage credit outpaced almost every other borrowing category, according to the Federal Reserve Bank of New York. https://www.nationalmortgagenews.com/news/mortgage-refinance-applicants-see-rejections-at-a-high
NextGenMortgage
Buying a home has never been harder. Some fintechs say they can help.
Esusu, Foyer, Divvy Homes and Tomo Mortgage are among the fintechs trying to give first-time homebuyers a break, alongside community development financial institutions like Southern Bancorp....
Bessent to be Treasury nominee, Trump taps Turner for HUD
Hedge fund manager Scott Bessent had been the betting favorite to take the reins at Treasury. Scott Turner, a former congressman and NFL player, will lead the housing agency. https://www.nationalmortgagenews.com/news/bessent-to-be-treasury-nominee-trump-taps-turner-for-hud
Banks warily optimistic on mortgages but volatile rates a concern
Some lenders are once again hiring mortgage lenders, but memories of the painful staffing cuts they were forced to make over the past two years remain top of mind. https://www.nationalmortgagenews.com/news/banks-warily-optimistic-on-mortgages-but-volatile-rates-a-concern
Mortgage defect growth points to emerging concern
Critical defects increased for the second consecutive three-month period, with appraisal-related errors nearly doubling, Aces Quality Management said. https://www.nationalmortgagenews.com/news/mortgage-defect-growth-points-to-emerging-concern