Origination

Mortgage-purchase applications were 4.6% higher in December from a month ago, per a Redfin report.

Many have called for a heavy analysis if not an outright denial of the transaction by the government, but this could finally move the needle, said former Obama Administration official and former head of the MBA David Stevens.

Foreclosure starts also increased by over 19% between October and November but remain below pre-pandemic levels.

The partnership will expand UHM reach to new markets in Florida, Michigan, Ohio, North Carolina and California.

But the 15-year interest rate rose last week, in line with 10-year Treasury yields, as bond investors used a quiet week to reflect on broader trends.

The average monthly payment dropped by more than one percent from October.

But at least one trade group said the Federal Housing Finance Agency needs to be careful to avoid restraining innovation and new product development.

The Federal Housing Finance Agency said it would heed the recommendation from a report by its Office of the Inspector General released this week.

Refinances saw an uptick for a third straight seven-day stretch, but purchases flattened during a typically slow home buying period, according to the Mortgage Bankers Association.

Sales of previously owned U.S. homes fell for a 10th-straight month in November, extending a record decline as high mortgage rates continue to stifle affordability.