Organization Root Tag

Loan officers expressed concerns about stepping on the toes of their referral partners.

Federal Reserve Chair Jerome Powell said at the Federal Open Market Committee press conference Wednesday that a slower pace of reduction could help the central bank avoid shrinking its holdings further without disrupting the banking system.

Rates won't fall far enough to drive meaningful mortgage volume gains this year, according to a Fitch Ratings analyst.

Limited inventory helped bring the average purchase size on new applications to its highest mark since mid 2022, the Mortgage Bankers Association said.

Intercontinental Exchange is leveraging the recent acquisition of Black Knight in new business partnerships announced at its annual mortgage conference.

It will take time for the banking industry to work through issues with CRE loans, Brian Moynihan says in discussing the aftermath of last year's banking crisis and New York Community Bancorp's recent warning about its exposure to troubled debt.

The racial gap in first-time buyers' ability to maintain their status as owners has also narrowed over the last two decades, the agency's researchers reported.

Even with the recent pickup, builder sentiment may remain below its longer-term average until borrowing costs fall more significantly.

While the GSE searches for a permanent successor, Hutchins will also serve concurrently in his role as president following Michael Devito's departure on March 15.

While prices for concrete, steel and gypsum products all increased, softwood lumber declined, the National Association of Home Builders said.

A legal action accuses the department of not automatically refunding mortgage insurance premiums when a borrower terminates their FHA-insured mortgage early.

Federal Reserve officials have hammered home the importance of bank readiness to borrow from the discount window. Getting banks to actually do so may require the Fed to make structural improvements to the system.

A greater number of refinances, particularly in the government market, led overall volumes higher, the Mortgage Bankers Association said.

The lender and servicer is still in the red but trimmed its expenses, and overall losses, significantly in 2023.

The Mortgage Bankers Association would like Fannie Mae to move toward the fee-based structure Freddie is testing.

Regardless of the effect housing prices have on ballot decisions, almost two-thirds of respondents indicate that current economic trends left them feeling negative about the economy, Redfin said.

The head of the U.S. Department of Housing and Urban Development under the Biden Administration said she will transition from public life starting March 22.

Also, Freddie Mac boosts single-family seller engagement team, Carrington names new CEO and Corelogic ads executive in real estate solutions.

Here's how the former regulator thinks Fannie Mae and Freddie Mac could exit conservatorship and where he sees the residential market headed this year and next.

The move follows Freddie Mac's expanded use of bank account data and brings to full fruition an effort both enterprises have been engaged in since 2017.