Origination

The hack that occurred in December affected 27,746 mortgage customers, the South Carolina-based lender said.

BofA is betting the Federal Reserve will make only one cut to the federal funds rate by the end of this year. MBA says originators are in for a $1.6 to $1.8 trillion year.

Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.

Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.

The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.

Roam Boost eases the path for FHA and VA mortgages held by sellers to be assumed by the buyer.

Millennials are likely to drive purchase business, while Gen X is the most likely refinance candidates, a related Freddie Mac analysis said.

Federal Housing Administration-backed lending was the only mortgage type to grow in volume at the end of last year, but the pace of decline among originations overall also slowed.

The assistance is available for borrowers with sub-620 FICO scores with earnings less than 80% of the Area Median Income, or first-time home buyers with no restrictions.

Late payments on VA loans were up markedly within the first quarter, in contrast to other products, according to new Mortgage Bankers Association data.