Origination

But several recent news developments are creating the perception that the risk of a recession is on the wane and that could end the downward pressure on rates.

Sales of new U.S. homes rose for a third month in December, wrapping up an otherwise disappointing year in which soaring borrowing costs stifled demand and weighed on the economy.

The U.S. economy expanded at a healthy pace in the fourth quarter, though an extended salvo of Federal Reserve interest-rate hikes is seen jeopardizing growth prospects this year.

Approximately 20 million U.S. residents – the majority of which were Gen Zers – took out their first debt product between the start of 2019 and mid-2022, a TransUnion study found.

Shares of the digital real estate company fell as much as 16% Wednesday.

Volumes came in higher for purchases and refinances, as well as for both conventional and government products.

Northern and East Coast towns have replaced hotspots of the past two years in Florida and the Rocky Mountains region.

Its "enhanced" oversight procedures now include a multilayered review process and if discriminatory bias is confirmed, an appraiser "will be subject to removal," the department said

The Chicago-based lender will provide up to $8,000 in down payment and closing cost assistance to underserved potential home buyers.

During a hearing on racial bias in home valuation, the head of the Consumer Financial Protection Bureau questions the Appraisal Foundation's "weird" regulatory structure.