Origination

A Fannie Mae survey says 36% get only one quote, while a separate Zillow study found 72% don't plan to look for options.

Contract closings decreased 5.9% to an annualized pace of 4.43 million last month, according to the National Association of Realtors

The decline in loan activity and softening prices also helped drive down builder sentiment for the 11th month in a row.

At least three lenders have announced the formation of partnerships with real estate or homebuilder companies in November

One week following the Consumer Price Index data release, the 30-year fixed rate loan is 47 basis points lower, while the 15-year is down 40 basis points, Freddie Mac said.

Applications to build, a proxy for future construction, fell to an annualized 1.53 million units, as single-family family permits fell to early pandemic levels.

The coming months are likely to see greater focus on single-family rentals, reduced credit availability and potential new competitors entering the market.

The 15-year fixed-rate mortgage saw an average rise of 6 basis points that was higher than the overall gain, according to a retrospective report issued Wednesday.

The company has cut 194 of its 305 employees from its Aurora, Colorado headquarters, it disclosed in a Worker Adjustment and Retraining Notification.

Recent changes to the loan level price adjustments should bring business to private mortgage insurers, but if the government agency acts as expected, it would shift the other way, according to a report from BTIG.