LOAN PRODUCTS

As high interest rates make refinancing impossible for many homeowners, increasing numbers of them are turning to HELOCs and home equity loans for cash.

Community banks could be the answer to increase the supply of non-agency mortgage products in the secondary market, said Steve Thomas of FutureWave Finance.

The agreement with D2 Asset Management doubles the firm's previous commitment to Unlock, as current economic trends provide momentum for the growing sector.

A "large institutional investor" will provide funding to assist Rithm in acquiring as much as $1.5 billion worth of residential transition loans.

An average of 2.2 issues found in problematic loan files shows existing tools are insufficient to detect vulnerabilities before closing, Fundingshield said

Credit availability declined in June as the job market and rising delinquency figures have some lenders concerned, the leading mortgage trade group said.

Gain on sale at JPMorgan Chase fell by 5 basis points in the second quarter, which could be a slightly adverse sign for mortgage banker results, KBW said.

While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.

The terms cover various aspects of the application and closing process that mortgage lenders may charge consumers a fee for performing when producing a loan.

The newest addition to the Panorama group of companies aims at offering opportunities to first-time home buyers through wholesale and correspondent channels.

Poor credit is a barrier for many Black homebuyers, blocking them from mortgages and contributing to racial gaps in homeownership.

While still remaining relatively bullish on the sector because of its strong performance year-to-date, all five companies' stock outlook is at "market perform."

Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.

The market for buy-before-you-sell financing Flyhomes helped pioneer has developed to include new entrants, but it also is seeing sluggish buyer demand.

HUD Secretary Scott Turner issued five mortgagee letters pulling back on 12 Federal Housing Administration policies that drive up the cost for homebuyers.

While consumer distress in auto and personal loans also picked up, the pace of growth among mortgages was atypical, Vantagescore's monthly credit gauge said.

The equity-backed loan offers Rocket customers funds for down payments and closing costs on a new purchase while giving them six months to sell their existing property.

Regulatory changes after the Surfside collapse are making more condos nonwarrantable, which presents some opportunities while also complicating mortgage access.

Originators skilled in VA lending can assist families making a military permanent change of station who are looking to own a home at their new location.

The wholesaler, which provides 2% down payment assistance as part of the program, previously offered it until May 2024, when it was replaced by a 0% down loan.