Origination

The average profit margin on the sale of median-priced single-family homes and condos fell to 44% last quarter, from a peak of 56% in the second quarter of 2022, according to data published Thursday by Attom, a real estate analytics firm.

While Freddie Mac reported the 30-year fixed rate loan increased, other data providers show that product's pricing dropped from seven days earlier.

The National Association of Realtors' index of contract signings to purchase previously owned homes dropped 5.2% in March to 78.9, according to data released Thursday.

Last year was a tough year for the mortgage industry, but the best of the best managed to keep their volumes high.

Researchers at the Federal Reserve Bank of Philadelphia have come up with a plan for letting banks innovate with artificial intelligence and widening access to credit at the same time.

Borrowers across all income levels and purchase price levels sought the discounts as interest rates rose past 7% last year.

Conventional and government-backed purchases both increased last week, even with a 12 basis point surge in the 30-year conforming average, the Mortgage Bankers Association said.

Business owners or employees in this line of business can apply for a non-QM loan in 38 states that have legalized recreational or medical use of marijuana.

Depending on the state, the range is from $1.7K to $3.7K based on loan offers made on the site.

Taking a second look at those who were denied credit is very costly for lenders under the FHA's antiquated rules, writes the Chairman of Whalen Global Advisors.