Origination

Originations of home equity conversion mortgages surged nationwide at the end of the year, with December numbers near a 4-year high.

For the past five months, single-family house prices were up by at least 18% compared to monthly averages in 2020, but by next November, increases should sink below 3%, CoreLogic said.

A chaparral-covered patch of land in southwest Riverside County could soon become a testing ground for a new housing concept.

The metric’s imminent end after more than 40 years means servicers need to put replacement plans in motion if they haven’t already.

The Secured Overnight Financing Rate has benefited — amid the phaseout of Libor — from positive comments by regulators. Is a multirate environment, which some banks would prefer, still possible?

Branches across the country have closed temporarily, or switched to drive-thru service, as infections and quarantine rules have forced many bank workers to stay home.

But low mortgage rates and higher wages are allowing borrowers to meet conforming loan underwriting terms — at least for now.

The 30-year average climbed six basis points after falling to a monthly low a week earlier.

When finalized, the sections to the Single Family Housing Policy Handbook 4000.1 will replace some 150 Mortgage Letters issued over the years.

About 40% of likely purchasers are delaying or cancelling their activity, a Redfin survey found.