Origination

As one of the few mortgage firms that finances singlewides, AFR’s decision to offer the product will lend momentum to major government-sponsored loan buyers’ efforts to expand their manufactured housing programs.

As an improving job market aided financial stability for borrowers, 2020 ended with drops in delinquent home loans, a CoreLogic report found.

The number of product offerings stayed at a level last seen in 2014 as slight gains in government and jumbo loans were offset by fewer conventional mortgages coming on the market.

Servicers struggled to bring back their borrowers as the overall retention rate crept down to a nadir in the fourth quarter, according to Black Knight.

And there are some brawls on the field affecting the direction of business for the rest of this year.

The gap between those that considered it a good or bad time to buy narrowed 10 percentage points in February, the tightest spread since last April, Fannie Mae found.

HUD must stop localities from excluding manufactured homes from their communities, writes Lesli McCullum Gooch, chief executive officer of the Manufactured Housing Institute.

Some applaud the agency's recent delay of the mandatory compliance date for a new Qualified Mortgage standard. Others say it leads to more uncertainty for lenders, opens the door to additional changes and enables some companies to loosen their underwriting.

After the coronavirus spurred a great migration in search of literal greener pastures, homebuyers are returning to cities with the end of the pandemic in sight, according to Redfin.