Origination

Proceeds from the sale of assets to Oaktree Funding would be used to pay off debt to warehouse lenders

As housing-industry groups sought relief from the Federal Reserve, overall loan-application volumes eked out a weekly gain last week thanks to ARM activity, the Mortgage Bankers Association said.

The Federal Reserve Governor's remarks sounded somewhat less hawkish than her comments on Oct. 2, when she said multiple rate hikes would likely be needed to contain price pressures. 

The current Treasury yield curve is leading homeowners to pay mortgage rates at least 120 basis points more than they should, equal to an extra $245 a month on a $300,000 loan, their letter said.

Lenders are rolling out less sensitive products such as adjustable rate loans and non-qualified mortgages.

Top Fed officials are coalescing around the idea that tighter financial conditions after a recent surge in U.S. Treasury yields may substitute for additional increases in their benchmark interest rate.

Should the Federal Reserve step back into the market and restart their loan purchase activity?

One in every 123 purchase applications showed indications of fraud in the second quarter, outpacing the first, the report found.

Homeowners have over $29.3 trillion in combined home equity, yet accessing it is becoming less attractive, Point's report said.

Hint: It requires balancing technology with the appropriate degree of personalization and human interaction.