Originations News from National Mortgage News

Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.

Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.

Mortgage companies have transitioned from trying to encourage AI use to managing spending on it through a strategy dubbed "tokenomics."

The market initially showed relief after the initial confirmation of an anticipated inflation-fighting hike but discussion of a future raise renewed concern.

While the early adopters of these market expansions set their new limits at $845,000, Pennymac is going up to $850,000 and UMW to $847,440 for one-unit homes.

Almost all of the problems with marketing services agreements stem from hiring the wrong attorney, said Marx Sterbcow, a mortgage compliance expert.

Whether their solutions come from in-house investments or vendors, top originators don't let their loan officers waste time tinkering with technology.

The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.

Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.

Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.

NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.

Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.

The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.

Rocket jumps first to raise 2027 conforming loan limits to $845,000, with Rate and CrossCountry matching; UWM's move still pending marking an early signal of IMB competitive positioning.

Sypher Capital Management announced the public launch of its new independent comparison site for bitcoin-backed loans and mortgages last week.

From higher immediate pricing to long-term impacts on the housing market, originators are assessing what the rise in the 10-year Treasury yield means.

BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.

Bob Marseilles joined Evergreen Moneysource to get the wholesale unit going following starting the TPO unit for First Tech Federal Credit Union.

eXp World Holdings, the parent company of eXp Realty, and Kind Lending ended their mortgage joint venture, Success Lending, it was reported Wednesday.

The company will begin direct-lending operations in its home state of California, before expanding across the U.S. over coming quarters, its executives said.