Origination

A PIMCO-sponsored HELOC securitzation, as well as a mortgage-insurance linked transaction, are the latest examples of issuers getting a head start on switching to an expected replacement benchmark for Libor.

These trends, in addition to the increase in appraisal contingency waivers, could add risk to mortgage lender businesses.

Contract closings decreased 6.6% from the prior month to an annualized 6.22 million from a downwardly revised 6.66 million in January, according to National Association of Realtors data released Monday.

From offering operations folks big bonuses to grooming recent grads, lenders are getting creative in their efforts to manage staffing throughout the boom-bust cycle.

The Military Urban Development Initiative, which is also open to civilians, allows buyers to select a lot, house design and mortgage.

Also: How 9.3 million renters could enter the purchase market, lessons from Flagstar’s data breach and a possible 15-year plan for Fannie and Freddie.

A slower rate of appreciation looks more likely than depreciation in most markets, according to the company’s latest report.

Household formations, looser credit and an improved economy will overcome higher rates — and even the inventory shortage.

There are more than 60 banks and other firms financing flippers today, according to AlphaFlow, an investment firm that buys real estate loans from lenders. That’s an increase of almost 50% in a little more than two months.

Proptech CEOs and investors fully expect a huge year for the sector due to the pandemic’s “watershed” effect on digitization, according to Keefe, Bruyette & Woods.