Origination

After falling to a 10-year low in April, credit on the market diminished further last month, with government, conforming and jumbo offerings all decreasing, according to the Mortgage Bankers Association.

Homebuilders are among plaintiffs seeking a halt to the Federal Emergency Management Agency's overhaul.

The vendor said it'll be providing "staff augmentation" supported by a cloud-based system and data it has.

Republican-led bills seeking to reverse adjustments to mortgage fees and a bipartisan bill aiming to reinstate tax deductions on mortgage insurance stand to change operations for lenders if they pass.

The property was previously shopped as the Romanov Estate in 2021 and marketed at $60 million in 2022 by Icon Global, but it wasn't officially listed.

New loan acquisitions fell to their lowest level since 2020, but companies also grew shares of residential securities noticeably over the past three years, S&P Global Market Intelligence said.

Mortgage companies are using AI and other tools to reach those who expect nothing less than a super-personalized and interactive experience from their online services.

Volume was lackluster on account of elevated rates and low inventory, Black Knight's report said.

With spring selling season typically giving way to a slower summer, investors are focused on whether resilient buyer demand, solid home prices and a potential Fed pause will support further homebuilder outperformance through the end of this year.

Average monthly payments fell by 0.6% year-over-year to $1,995, marking the largest annual decline since March 2020.