Origination

Rate-and-term refinances dropped 14% month over month in October, but were still up 143% from last year.

Recent merger activity also includes the purchase of an Alabama title company by technology firm Propy, as experts see ongoing consolidation through 2026.

While all six companies were profitable in the third quarter, most had earnings which were down from the prior periods, with MGIC setting a milestone.

While the program is still going strong in spite of the shutdown, many misconceptions about its rules, even in normal times, are holding back use.

Mortgage credit availability increased 2.3% to 106.8 last month, marking the fourth consecutive month of growth.

All five publicly traded title insurance companies reported a year-over-year increase in earnings during the third quarter, but only two had higher orders.

The number of highly qualified refinance candidates rose to 1.7 million, the most in three and a half years, as mortgage rates ease.

The impacts of the federal government shutdown are hitting both originators and servicers, and as things drag out, the disruptions will increase.

The volume of home equity lines of credit expanded for the 14th consecutive quarter, driven largely by fintechs and other nonbanks that are accounting for more and more of the business.

Company leaders said current strategy sets it up to profit and compete against its rivals as the mortgage market improves in the coming months.