Origination

At the end of the draw term, HELOC borrowers have a repayment period ranging from 10 to 30 years, and customers cannot draw on the HELOCs during the repayment period.

A series of tornadoes and severe hailstorms across the Central U.S. turned Midwestern states into claims hotspots in the second quarter, according to Verisk.

The Federal Housing Administration's proposed changes to property standards could open up origination opportunities for lenders comfortable with the updates.

The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.

New September funding includes a Series A round for agentic platform Kastle and an investment into Celligence's AngelAI, both with natural-language features.

Borrowers hold a total of $17.9 trillion in home equity in the United States, equal to $310,000 per homeowner, according to Cotality.

ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.

Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.

The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.

Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.