Origination

The 30-year average dropped for the first time in four weeks after surging more than 70 basis points earlier in the month.

Climate change is increasing the frequency of wildfires, hurricanes and severe winter storms; yet in areas most vulnerable to them, property value growth exceeds the national average, a new report finds.

The federal class action lawsuit is at least the third similar action within the industry over a cyberattack revelation.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

Overall mortgage volumes flattened last week, but average loan amounts, particularly for purchases, are shrinking according to the Mortgage Bankers Association.

The partnership, which is expected to ease lending for bank statement loans, comes as the non-QM sector runs into headwinds.

The newly revealed victims were affected by the previously disclosed cyberattack, which went undetected for 41 days between September and December.

The transaction formalizes the relationship started by a January investment in both companies by LLR Partners.

High mortgage rates and high prices are starting to slow down the market. Still, tight inventory is keeping values high.

Mortgages rates are at the highest since 2008, making borrowing more expensive, but could moderate demand and eventually ease price pressure.