Origination

The top five banks had a combined wholesale volume of more than $18 billion at the end of the first quarter.

While attention traditionally focuses on damage to coastal markets, the economic effects stretch into "safer" communities nationwide, according to Cotality.

Homeowners today can pay around $100 less per month, than they did at the same time last year, to borrow $50,000, according to Intercontinental Exchange.

The regulator has postponed the building code in question, but is otherwise battling the challenge raised during the Biden administration.

Proprietary reverse loans are typically available to a larger range of borrowers and come with higher loan limits than the Home Equity Conversion Mortgage.

However, with the market continuing to shift more in favor of homebuyers, home prices should move lower, aiding affordability in the weeks ahead.

A proposed 2026 budget would eliminate two programs that are key to increasing the supply of affordable housing, a consortium of elected leaders said.

However, the 30-year fixed rate mortgage is still 14 basis points lower than it was for the same week last year, the Freddie Mac survey reported.

Pending sales of previously owned US homes last month fell by the most since September 2022, illustrating a disappointing spring selling season as prospective buyers balk at high asking prices and borrowing costs. 

While overall investor purchase activity is returning to pre-pandemic norms, interest in condo units dropped to a 10-year low, as insurance and fees surged.