Origination

But a surge in purchases led overall mortgage volumes to a weekly gain and pushed average loan size to a new record.

New U.S. home construction unexpectedly strengthened in December to the fastest pace in nine months, led by apartment projects and suggesting builders found some success navigating shortages of materials and labor.

The settlement is a reminder that officials who oversee the loan officer licensing system do actively police the fulfillment of professional requirements by loan officers.

While the normal holiday season pattern contributed to the December drop-off, potential buyers also need to make offers on multiple properties before winning a home, Redfin said.

The former president said in a statement that he plans to apply to create 2,300 luxury homes as well as retail and commercial space in the first phase of construction at Trump National Doral.

The metric shows how drastically supply-chain disruptions have impacted prices for a key material used in single-family homebuilding.

Average prices were up 15% compared to the same month in 2020.

President Biden’s aspirations for aggressive forgiveness haven’t been fulfilled to date, but steps taken so far have lowered a key hurdle to entry-level homeownership.

The mortgage broker business was never a driving force for the Chicago-based firm's purchase of Stearns Lending, so dropping it wasn't totally unexpected.

Chief Operating and Growth Officer Pat Dodd becomes interim president and CEO following Frank Martell’s move to non-executive chairman of the company’s board.