Origination

Government-sponsored originations accounted for over half the share of transactions found with "critical" flaws, according to Aces Quality Management.

The agency, which oversees government-related investors that set underwriting parameters in the U.S. mortgage market, estimates the process will begin in 2024.

Bond market investors continue to drive down the benchmark 10-year Treasury yield, even after short-term rates were boosted 25 basis points on Wednesday.

Purchases of new single-family homes increased 1.1% to an annualized 640,000 pace after a 633,000 rate in January, government data showed Thursday.

More banks were on the list and although United Wholesale led by dollar volume in fourth quarter earnings, its loan count for the full year remained lower than Rocket's, an analysis shows.

More hikes are likely as the Board is confident its bid to quell inflation won't deepen a nascent banking crisis.

And in January, all-cash buyers reached their highest share in nine years, at 32.1%, Redfin said.

As application volumes increased, loan sizes also surged, with average purchase amounts now at a 2023 high, according to the Mortgage Bankers Association.

The Toms River-based lender was supposedly having liquidity issues, according to unconfirmed reports.

Mortgage professionals are carefully monitoring indicators of whether turbulence in the financial markets will continue to put downward pressure on rates.