Origination

Sales of previously owned homes rose in February by the most since mid-2020, snapping a record year-long slide tied to rising interest rates and affordability constraints.

The $1.25 trillion-asset Home Loan Bank System collectively issued $303.9 billion in discount notes and bonds last week, with demand tapering dramatically from $111.8 billion on Monday to $21.7 billion by Friday.

Imbalances linked to affordability and interest rate volatility are challenging the mortgage market. Here's how they may be resolved.

How lenders with between 100 and 499 employees stacked up against each other.

A preliminary injunction in federal district court had put the 2020 rule on hold, and the move will officially reverse it.

If adopted, the proposal from the Conference of State Bank Supervisors would place less stringent rules on the type of financial documents expected from startups, underwriters and brokers.

The technology provider is in the midst of a large reduction in spending including the dismissal of approximately 340 employees.

Less than one-third of households would be able to afford 2022's median-priced new home, according to the National Association of Homebuilders.

In its last full quarter using a mortgage banker business model, the company originated just $21.5 million, well down from $759.4 million one year prior.

The failures of Signature Bank and Silicon Valley Bank have already rocked mortgage rates but aren't expected to rattle lines of credit provided by depositories, home lenders say.