Origination

The decline continues the trend of seesaw movements, coming just a week after economic worries led averages to surge.

Sales of previously owned U.S. homes fell for a sixth straight month in July in the latest indication of how high borrowing costs and waning demand are propelling the housing market's rapid decline.

The Consumer Financial Protection Bureau's recent offensive against redlining by nonbank mortgage originators is increasingly relying on internal communications to make charges stick.

New capital standards the government bond insurer added were lower than the ones in previously proposed rules that had riled lenders and servicers.

While fewer units are being sold and inventory is rising, both Remax and First American are upbeat about buyer demand remaining strong.

Numbers decreased for both purchases and refinances, which also saw the slowest pace of activity in over 20 years.

The move will reduce the excess capacity in the field but the effects on servicing are likely to dampen the Federal Housing Administration market, Keefe, Bruyette & Woods said.

In a reversal of 2021 trends, inventory is increasing and price reductions are occurring across cost levels, though less often among the least expensive homes, according to reports from Zillow and Redfin.

The Federal Housing Finance Agency wants to change some of the government-sponsored enterprises' targets in ways that could create more low-income rental units as higher costs squeeze tenants.

New U.S. home construction fell in July by more than forecast to the slowest pace since early last year as builders adjusted to a pullback in demand and a pickup in inventory.