Origination

 In a survey released by Bank of America Thursday, respondents cited expensive home prices (56%), higher interest rates (40%) and uncertainty about affording closing costs (30%) as reasons they might hesitate to buy. 

The move by Self Financial could add momentum to recent efforts in this areas by influential mortgage-market participants like Fannie Mae and Freddie Mac.

The firm's merger with a special purpose acquisition corporation is expected to be completed this quarter, according to financial filings.

The National Association of Home Builders asked the White House to take action to address the supply-chain disruptions that are pushing up the costs of materials and labor, in a letter sent Wednesday.

The National Association of Realtors’ index of pending home sales decreased 1.2% from a month earlier to 103.7, the lowest since May 2020, according to data released Wednesday.

Surging interest rates have pushed refinance applications down by over 70% in a year, while ARMs have doubled their share in three months.

The lender is the latest to announce cuts in response to declining production volume.

While housing costs continued to set records, several signs of moderation have begun to appear in the last several weeks, according to Redfin.

As the National Flood Insurance Program goes into effect this month, more than 80 percent of existing policyholders are set to see rates climb and those gains will be spread largely evenly among rich and poor areas, according to a new report.

Founder and largest shareholder Anthony Hsieh will now direct strategy as executive chairman.