The Latest

Cities in Texas and the South issued the largest number for single-family housing, with all regions seeing consistent yearly growth.

Inflation, supply chain issues and labor shortages will lead to a tightening by the Fed sooner rather than later.

The lack of inventory pushed the median housing price to double-digit annual growth for the 14th straight month, according to Redfin.

The drop over the 30-day period was in line with a large number of plan expiration dates, and occurred despite the extension of an initial filing deadline for government loans.

Also, Guaranteed Rate launches lending outreach to Spanish speakers, AmTrust Title creates head of technology role and UMortgage brings on a training specialist.

The bonanza from Wall Street operations is a source of relief for banks struggling to earn more from traditional lending operations, which have suffered from lukewarm demand and a prolonged period of low interest rates.

The problem loans mature right around when tenants in the offices are due to renew — or end — their leases. That may unsettle investors in commercial mortgage-backed securities, analysts at Moody’s Analytics warned this week.

Earnings are up from the second quarter, but originations slip at Wells Fargo and Citi.

The government-sponsored enterprise is instituting this stopgap measure as it examines how it can mitigate the growing risk of disrepair in aging condos.

Rising inflation and moves by the Federal Reserve are expected to fuel interest rate growth into 2022.