Origination

FundingShield's latest report notes the improvement in remediation efforts among lenders, but closing protection lenders remain a key source of file problems.

The war in the Middle East is adding to a slew of challenges already facing the construction industry in recent years, including elevated mortgage rates, labor constraints and higher prices for materials.

The US has a shortage of at least 10 million single-family homes, according to a new report from White House economists — a higher figure than some previous estimates from the government and the private sector.  

Both Chase and Wells Fargo had a 15% reduction quarter-to-quarter in mortgage originations, more than the industry forecast for a 6% drop-off, Keefe, Bruyette & Woods noted.

Lending for new single-family homes jumped 11% from a year ago and 26% from February, the Mortgage Bankers Association said.

Adjustable rate mortgages accounted for 12% of total home loan volume in March, reaching its highest share of the market since October 2022.

In an update to its seller and servicer guide, Fannie Mae laid out details on responsibilities for vendor oversight and the need for transparent AI policy.

Contract closings decreased 3.6% to an annualized 3.98 million, according to National Association of Realtors data out Monday.

Newly minted doctors want to buy homes but because of student debt and job history, likely can't even meet the wider jumbo underwriting criteria without help.

The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.