Origination

Much has been said about how millennials and Gen X have a higher homeownership rate now, but how these generations compare at age 24 is a different story.

But the index is still well below pre-pandemic levels, suggesting momentum may be slow to build with borrowing costs still twice as high as they were two years ago.

The reality of converting office properties to multifamily housing is not as simple as it might seem, said Lisa Pendergast.

The index of mortgage applications to buy a home increased 9.2% in the week ended Jan. 12 to 162.2, the highest since July 14, according to the Mortgage Bankers Association.

Properties in the top three ZIP codes are seen by an average of 4.5 times more unique viewers than the typical property in the U.S. and spend an average of 16.3 days on the market.

The Seattle bank's stock price fell in 2023 amid concerns over rising interest rates and its concentration of multifamily loans. The buyer is FirstSun Capital Bancorp, which raised $175 million as part of the deal.

Separately, the agency said it could develop a new type of reverse mortgage securitization, and another RMF development that could affect the bank emerged.

The lender didn't reveal whether the incident was related to a purported ransomware gang attack last March.

The Fed governor offered some of the most detailed remarks to date around the Federal Open Market Committee's intentions to ease monetary policy this year.

In a new filing with the Securities and Exchange Commission, the company attributed delayed transactions, loss of business to other providers and one-time expenses to reduced revenue but expected a limited effect on financial health.