Origination

PulteGroup Inc. reported plunging demand for its homes and a spike in canceled deals for the third quarter. But the shares rose, showing just how the bar has been "lowered" for builders navigating the U.S. housing slump.

In the first two quarters of the year, the channel's lenders lost an average of 35 basis points for each origination.

The New York-based startup, which launched last year, processes $3 billion in annualized rent payments, and its Bilt Mastercard customers are spending at an annualized rate of $1.6 billion, Chief Executive Officer Ankur Jain said.

A measure of prices in 20 large U.S. cities in August fell 1.3% on a month-over-month basis, the most since March 2009, according to the S&P CoreLogic Case-Shiller index.

 Lenders can utilize blockchain technology to originate fully digital, tokenized mortgage assets on the chain. How does it work, and how can mortgage companies benefit from integrating with this technology?

Collins Community Credit Union in Cedar Rapids, Iowa, said Monday that it laid off 38 employees, primarily in its mortgage lending division. In September, GreenState Credit Union in North Liberty, Iowa, cut 42 employees, or about 5% of its workforce.

The regulator believes this transparency into the Uniform Appraisal Dataset records will help combat valuation bias.

The Fed's interest rate hikes are meant to tame inflation, but the secondary impacts on housing could give the central bank a reason to pump the brakes.

The new automation, which processes information on tens of thousands of projects, is designed to be useful to lenders financing single family units.

However, Julia Gordon is now on the record saying that the agency is actively analyzing whether or not to do so, and it's considering the potential magnitude and composition of a reduction.