The biggest housing law in three decades became law at midnight on July 11. No ceremony, no signature. The President let the constitutional clock run […]

Treasury yields climbed steadily throughout the week, pushing the 10-year yield above 4.60 percent and lifting shorter maturities to their highest levels since early 2025, […]

By Eric Bernstein, President and Co-founder of LendFriend Mortgage  Oil is back in every rate conversation I have with borrowers. Brent traded above $90 in […]

Have we seen a meaningful shift in the interest rate narrative after softer-than-expected June inflation data substantially reduced expectations of a July Federal Reserve rate […]

These Musings have spent the better part of the past 6 ½ years expressing my frustration at the lack of regulatory humility demonstrated by the nation’s consumer […]

What lenders are seeing now is the next logical step: the scores themselves are beginning to align more closely with the underlying data. A modern score is not simply an...

“America needs more homes.” The diagnosis is so widely accepted that it has become almost reflexive, with conversations across the industry typically centering on need […]

Periods of market stress often reveal that while the tools evolve, the foundations of successful capital markets execution remain remarkably consistent. The industry’s attention sometimes is […]

Every market cycle is shaped by a prevailing narrative. In housing, the current narrative has been remarkably consistent: mortgage rates remain elevated, affordability is constrained, […]

Over the past year, I’ve had the opportunity to sit down with Pennymac CEO David Spector on multiple occasions, first while wearing camouflage in the Black […]