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2026-08-07 15:51:46 UTC

Andrew Lokenauth on Nostr: The largest mortgage lender in America reported a $451.9 million Q2 loss, and its ...

The largest mortgage lender in America reported a $451.9 million Q2 loss, and its stock suffered its biggest drop ever, falling 35% to an all-time low.

Meanwhile, 30-year mortgage rates have climbed to 6.69%, their highest level in more than a year.

Housing affordability is brutal. Sales remain weak. Mortgage delinquencies are rising.

The pressure across the housing market keeps building.