Digital Mortgage Direct Page

Deborah J. Lucas is the Sloan distinguished professor of finance and director of the MIT Golub Center for Finance and Policy.

US 30-year yields dropped seven basis points to 4.79%, unwinding part of Thursday's surge that was driven by a somewhat disappointing inflation reading and a weak bond auction.

Amplify Credit Union in Austin provided funding for the construction of 28 tiny homes to create more affordable housing in Round Rock, Texas. Several banks had previously shot down the project.

Almost 9% of transactions also involved closing agents with inadequate insurance levels, the highest share on record, according to FundingShield.

Designated mortgage professionals who can work in community outreach as well as regular monitoring of program outcomes are also important components that will help programs meet goals, industry leaders say.

The consulting giant's annual global banking review highlights a stark trend: Over a seven-year period, more than 70% of the net increase in financial assets ended up not on U.S. banks' balance sheets, but instead at insurance and pension funds, sovereign wealth funds, in private capital markets and elsewhere.

The San Antonio-based lender is introducing new products targeted at borrowers who make less than 80% of their county's median income. The loans, which will qualify for Community Reinvestment Act credit, could help expand access to the state's increasingly expensive housing market.

The Department of Housing and Urban Development affiliate is making it easier to repackage securities backed exclusively by these mortgages.

The Consumer Financial Protection Bureau and the Justice Department warned banks and other lenders that credit applicants cannot be rejected due to their immigration status.

The real estate data and software provider integrated its offerings, including borrower income analysis and property data, with acquired Roostify's point-of-sales system.