Origination

The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.

The yield, a benchmark for mortgages and bonds, rose almost 5 basis points to as high as 5.01%, before pulling back to around 4.99% at 4:10 p.m. EDT Monday.

More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.

Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.

Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.

Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.

The upward move has vexed Trump as it ripples through markets, driving up the cost of mortgages and other loans ahead of the mid-term elections in November.

NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.

Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.

The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.