Origination

Elevated mortgage rates and consumers' uncertainty about the economy are weighing on housing demand in the US as a whole, but wealthier buyers have been cushioned by higher incomes, home equity and well-performing stock portfolios.

Just two weeks after releasing its planned schedule for buybacks this quarter, the Treasury Department on Wednesday said it's "increasing, by at least double, the size of liquidity support buyback operations" for securities dated from the 10-year to the 30-year sector. 

As tech facilities push into lower income and rural housing markets, lenders navigate local growth without major impacts on home sales price trends.

Cyberattacks involving artificial intelligence were up 56% in the past year and added on average $1 million to businesses' data breach expenses.

Four new mortgage acquisitions show how companies in home finance are prioritizing advanced technology in what has turned into the year of consolidation.

On Aug. 14, over 30% of the loans sent to Fannie Mae and Freddie Mac from each company were scored using VantageScore 4.0.

The notes will be issued off of a pool of 3,525 first- and junior-lien revolving HELOCs that were recently originated. The deal will repay investors on the 25th of each month, and notes have a stated final maturity date of July 2056.

About 73% of potential buyers intend to purchase within the next year, up slightly compared to the first quarter, according to a Veterans United survey.

After losing money on production in most quarters between 2022 and 2024, independent mortgage bankers have achieved five consecutive quarters in the black.

So far, annual home lending growth is on track to slow, but not stop, with some positive developments surfacing amid broader challenges.