Origination

Mortgage lenders are increasingly relying on third-party data to determine the amount of incentive to offer.

Earnings posted by the two bank holding companies show increased production on a quarter-to-quarter basis, although gain on sale sank at both.

Largely, economists surveyed agreed with the decision by the Fed to continue to raise interest rates to slow inflation.

Builders across the U.S. have been cutting prices and offerings deals so houses don't sit empty.

Increased purchases among property investors and build-to-rent buyers is just part of what's driving competition these days.

But the Mortgage Bankers Association still expects the dollar volume of purchase originations to increase from 2022 to 2024 compared with 2021.

Bank of America is keeping to its original hiring plans despite challenging economic conditions that have prompted others to pull back, Chief Executive Brian Moynihan said.

The current 30-year rate is now nearly double its average from a year ago.

Mortgage rates have pushed up costs to buying a new house even more.