First National mortgage volumes fall 12% as housing activity slows

Higher renewal volumes partially offset weaker new business, while mortgages under administration increased to nearly $170 billion.

Higher renewal volumes partially offset weaker new business, while mortgages under administration increased to nearly $170 billion.
Prediction markets continue to expand into new products, new distribution channels, and new regulatory frameworks. This week brought developments across all three. Kalshi Looks Beyond Crypto Perpetuals Kalshi is preparing to expand its perpetual futures business beyond crypto, discussing contracts tied to foreign exchange, metals, and energy with regulators. According to Reuters, the exchange has…
Utah’s Security Home Mortgage and its parent company, Capital Community Bank, announced a strategic rebranding of their businesses to unify the financial institution under a single identity. Processing Content Beginning Aug. 17, the businesses will be known as Accordia Mortgage and Accordia Bank. Corporate leaders said the decision was driven by the company’s growth and…
Large blockchain networks including Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) have recorded notable increases in on-chain activity and reductions in transaction costs over the past year, even as the prices of their native tokens experienced substantial declines. This divergence between market prices and underlying network fundamentals was highlighted in Bitwise’s inaugural quarterly staking report…
“The FOMC’s decision to hold the federal funds target at its current level, coupled with the three dissents at this meeting, with each of these dissenting members preferring to hike rates now, indicates that the Fed is likely moving into a hiking cycle soon,” Fratantoni told Mortgage Professional America. “Markets are now expecting they could…
One of the Chase Sapphire Reserve®‘s marquee benefits — and a key way to justify the card’s hefty $795 annual fee — is its annual dining statement credit. NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel…
The new rate will go into effect on July 12, and will be the eighth price increase over the last five calendar years