Origination

Builders across the U.S. have been cutting prices and offerings deals so houses don't sit empty.

Increased purchases among property investors and build-to-rent buyers is just part of what's driving competition these days.

But the Mortgage Bankers Association still expects the dollar volume of purchase originations to increase from 2022 to 2024 compared with 2021.

Bank of America is keeping to its original hiring plans despite challenging economic conditions that have prompted others to pull back, Chief Executive Brian Moynihan said.

The current 30-year rate is now nearly double its average from a year ago.

Mortgage rates have pushed up costs to buying a new house even more.

In a market dominated by sky-high home prices, sellers looking to take the path of least resistance may be overlooking DPA borrowers.

Federal Housing Finance Agency Director Sandra L. Thompson told lawmakers on Wednesday that the agency would consider “foundational questions about mission, purpose, and organization” of the Home Loan Bank System.

Purchases and refinances both came in lower, with overall volumes 60% below numbers from a year ago.