Origination

A potential pause in the cycle by the Federal Open Market Committee is welcomed by housing industry observers, but inflation and inventory hinder activity.

Homes in the top five states have an average of $512,836 in 2022, according to LendingTree.

This deal will allow PHH Mortgage to substantially increase the number of reverse MSRs it handles on an outsourced basis.

Meanwhile, the average purchase loan amount surged to its highest level in 2023, showing signs of continued demand amid limited inventory.

The servicer didn't disclose how many customers were affected by the incident.

Housing costs increased at the slowest pace in over a decade nationwide, even while monthly growth now exceeds its pre-pandemic level.

But the company's earnings were up due to lower loss provisions.

Because the bank occupied a niche in serving ultra high-end consumers, experts question whether its receivership will make other depositories more reluctant to offer jumbo loans.

Bets are piling up on a wide range of trajectories for the Fed's path — with some expecting it to mount a major about-face as growth stalls and others hedging the risk it will tighten policy further as elevated inflation persists.

A pair of bills make it clear that stealing a homeowner's title is a crime, subject to a maximum prison term of 25 years.