Origination

Volumes set a record in 2021 and they've held up better than expected this year, but declines are forecasted for the sector some banks are using to partially offset single-family's slump.

Housing values remain historically healthy, but the year-over-year slowdown seen during the month was the most severe seen since at least the 1970s, according to a new Black Knight analysis.

Several lenders have introduced loan offerings this year to tap into surging property values, as refinances plunge by more than 80%.

LendingTree participants made 11 fixed-rate mortgage offers for every one ARM in the first half of 2022. Last year it was a 41-to-1 ratio.

As soaring inflation and turbulence in public equities weigh on private markets, cash-hungry startups have raised capital through convertible notes, in part because they delay the need to lock in a fresh valuation.

At the same time, homes bought with FHA-backed loans accounted for the smallest share since 2007, according to an Attom sales report.

Net interest income was the driver, as increases from investments more than offset a decline related to its guaranty book of business.

The deal also includes the Homefacts website

The decline was driven by a $307M provision to cover potential credit losses, primarily from its single-family business.