Origination

Shares of the digital real estate company fell as much as 16% Wednesday.

Volumes came in higher for purchases and refinances, as well as for both conventional and government products.

Northern and East Coast towns have replaced hotspots of the past two years in Florida and the Rocky Mountains region.

Its "enhanced" oversight procedures now include a multilayered review process and if discriminatory bias is confirmed, an appraiser "will be subject to removal," the department said

The Chicago-based lender will provide up to $8,000 in down payment and closing cost assistance to underserved potential home buyers.

During a hearing on racial bias in home valuation, the head of the Consumer Financial Protection Bureau questions the Appraisal Foundation's "weird" regulatory structure.

The reductions in the multifamily goals for 2023 to 2024 compared to those from the period before suggest that these goals will have little, if any, impact on the GSEs' multifamily operations in future years, writes a former principal economist with the Federal Housing Finance Agency.

The breaks for some lower-income borrowers are welcomed, but the use of debt-to-income as a differentiator could complicate originations at a challenging time, lenders say.

Currently, there's no standard mechanism for lenders to easily access this information.

LOs are building relationships to hesitant consumers by offering seminars and online videos that answer the questions they're afraid to ask.