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Refinances surged 18% compared to the prior week and purchases 3%, but growing loan amounts signal still-limited affordability.
February 8
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More incentives are coming for servicers as a greater number of distressed borrowers get expanded access to more affordable, streamlined modifications.
February 7
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The threshold for the obligation has been lowered to 25 closed-end mortgage loans originated in each of the two preceding calendar years, according to a bulletin published on the OCC's website.
February 6
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The layoffs were a result of the bank's decision to exit the channel, a spokeswoman confirmed.
February 2
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Freddie Mac previously announced a similar change set to go into effect for mortgages with settlement dates on or after March 7.
February 2
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The Federal Reserve Chair urged Congress to raise the debt ceiling, warning the impacts of not doing so could go beyond the central bank's ability to mitigate.
February 1
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The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials debate when to end their most aggressive tightening of credit in four decades.
February 1
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Despite lower interest rates, both purchases and refinances declined after recent surges, while average loan amounts have gradually crept up to start the year.
February 1
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The Consumer Financial Protection Bureau's data-access rule could create an uneven playing field because banks and credit unions are examined by regulators but hundreds of nonbank fintechs are not.
January 30
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Despite 2022's slew of interest-rate hikes from Chair Powell and colleagues, financial conditions are the loosest since last February as investors bet fading inflation will allow the central bank to soon cease raising borrowing costs and then cut them later this year.
January 30
