Origination

Property prices could contract an annual 5% by the middle of next year, a senior property economist, said in a research note Monday. He’d previously projected no change in values by that time.

Also, Notarize announces layoff, Lower reveals a cyberattack and M&A activity heats up.

The mortgage REIT announced its name change in conjunction with the internalization of management activities.

The S&P Supercomposite Homedbuilders Index dropped 16% this week as investors grow concerned over a recession and surging mortgage rates.

The Minnesota woman altered documents and failed to file documents as promised in cheating multiple investors between 2018 and 2020.

But even with bidding wars on the decline and inventory increasing, listing prices continue to creep up.

In response to a raft of recent data breaches, mortgage lenders are implementing a number of measures to protect their clients and themselves.

Non-depository institutions originated an even greater share of all home loans compared to the year before, according to the Federal Financial Examination Council’s latest analysis of Home Mortgage Disclosure Act data.

If it works as intended, by calming inflation, it will help to keep mortgage rates low in the long-term.

The mortgage company had experimented with a piggyback product just before the pandemic disrupted the market, and it’s bringing the second-lien portion back as a standalone offering.