Organization Root Tag

Several Sun Belt cities popular for relocation over the last two years were among markets with the most reduced listing prices in April.

The government-sponsored enterprises will start releasing information similar to what large banks already do, starting in the first quarter of 2023.

The 30-year average decreased for the second week in a row but still is almost 2% higher than its year-end 2021 level.

While the purchase index registered a tiny uptick, activity has fallen to nearly the same level seen during the first months of the pandemic shutdown.

The Treasuries market is girding for potential disruptions from the next and trickiest stage of policymakers’ tightening campaign: the shrinking of an $8.5 trillion bond portfolio.

Mortgage Cadence, the No. 3 loan origination system provider, believes it will pick up market share among nonbanks if the deal between the two heavyweight entities goes through.

Federal Reserve Bank of Atlanta President Raphael Bostic said policy makers could potentially pause interest-rate increases in September after hiking by a half point at each of their next two meetings.

The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer.

CEO Vishal Garg is on the hook for any losses stemming from a $750 million convertible bridge note investment, a fact he allegedly recently acknowledged to employees.

Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.

The central bank has a long history of diluting the effectiveness of the Community Reinvestment Act.

A sustained downturn in 2022 activity has also led the Mortgage Bankers Association to revise its originations forecast for the year.

In order to align financial policy with the interests of consumers, the agency should consider why these services have caught on — and remember to keep a lane open for innovation, writes the CEO of Chamber of Progress.

The outspoken regulatory chief of the Consumer Financial Protection Bureau also said proposed Community Reinvestment Act reform isn’t likely to draw banks back to Federal Housing Administration lending.

Signs of deteriorating liquidity in U.S. Treasuries, such as measures of market depth and bid-ask spreads, are “more or less in line with the increase in volatility in markets,” New York Fed President John Williams said Monday.

Calls for “reform” in times of high liquidity ignore the scalability of the system, and the need to have it around in times of trouble.

The Senate voted 80-19 Thursday to confirm Powell to the top spot on the Federal Reserve Board of Governors. He joins Philip Jefferson, who was confirmed by the Senate to serve on the board Wednesday night, and Lisa Cook, who was confirmed Tuesday night.

But growing worries about a possible recession may also end up playing a role in their direction over the coming weeks.

The Consumer Financial Protection Bureau is hiring more enforcement attorneys, building out its capacity for data collection related to fair-lending exams.

Intercontinental Exchange Inc. is tapping the investment-grade market with a bond sale in as many as six parts to help finance its acquisition of the fintech.