Origination

But experts continue to downplay the extent of the risk of a housing bubble.

Refinances now also make up less than 40% of new applications, with numbers at their lowest since 2019, according to the Mortgage Bankers Association.

XBTO intends to serve buyers in the surging Florida market with purchases of properties worth $1 million or more.

With rising costs and few houses for sale, millennials and Gen Z are increasingly willing to purchase at auction, a ServiceLink survey found.

The property owner obtained bogus loans on a portfolio spanning 2,500 apartments across more than 70 multifamily properties, prosecutors said.

Purchases completed above the asking price made up 9.3% of all transactions, the highest portion in four years.

The move could help expand the use of a program intended to aid underserved renters.

The bank’s grant programs include providing funding to increase housing developer diversity and for counseling services.