Origination

The announcement came after several major insurer said they would stop issuing new homeowner policies or renewing existing ones because California's current rules made it too costly to cover homes.

While industry economics are getting better, higher rates in a purchase-focused environment can contribute to an increase in manufacturing errors.

Since 2019, distressed loans have increased 77%, but it is just a small portion of the $691 billion currently outstanding.

The agreement between The Work Number business unit and Iris Software Group could ease employment and income verification for up to 1 million consumers, the credit-reporting agency said.

The morning after, the benchmark 10-year Treasury yield touched a 52-week high, but Freddie Mac reported a 1 basis point jump.

Contract closings decreased 0.7% from a month earlier to a 4.04 million annualized pace, National Association of Realtors data showed Thursday.

Doug Duncan explains why different players in the market have such contradictory takes on the real estate market right now and how to reconcile their varying outlooks.

Fewer of these mortgages are paying off, adding to the amount of credit on investors' books, the Mortgage Bankers Association said.

Lenders are brushing up on ways to minimize losses associated with the increasing costs to fund mortgage pipelines.

The FOMC held its target range for the federal funds rate at 5.25% to 5.5%, while updated quarterly projections showed 12 of 19 officials favored another rate hike in 2023, underscoring a desire to ensure inflation continues to decelerate.