Origination

The Department of Housing and Urban Development is considering financial incentives for lenders and servicers working with FHA loans, and seeks industry input on the challenges involved.

In the face of a growing number in home-equity products, HECM endorsements dropped nationwide by over 43% on a monthly basis to its lowest point in more than two years.

Buyer interest waned as mortgage rates increased in the same month this year, CoreLogic found

The company said it will prepay two securitization facilities and terminate financial arrangements including at least two involving U.S. Bank.

While intercompany relationships are established in any environment, activity seems to pick up when business declines.

Five days after Hurricane Ian slammed into the state — bringing with it a deadly storm surge, catastrophic flooding and powerful winds — the destruction it caused is becoming clearer.

Sales of co-ops and condos dropped 3.7% in the third quarter from the previous three months and more than 18% from a year earlier, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Tuesday.

Other offerings update the company's platform for hybrid and virtual closings, and allow borrowers to get an appraisal waiver pre-check before submitting a loan.

Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, Black Knight Inc. said in a report Monday.

The tempering of growth is a result of mortgage rates jumping and inflation, a report found.