Origination

Lenders and servicers that take a business-as-usual approach to managing their flood portfolios may be exposed to undue risk.

While it was the largest quarter-to-quarter drop in three years, the percentage changes in dollar volume were more moderate, according to Attom Data Solutions.

Minus the adjustment made to account for stock price declines and goodwill, the company’s countercyclical mix of loan products was profitable, but secondary-market volatility presents a challenge ahead.

The effect of the conflict and upcoming Fed announcements have left much of the industry guessing about what happens next.

The grants are given directly to counseling agencies in a dollar-for-dollar amount up to $125,000.

Value can be found despite concurrent double-digit increases in both home values and rent rates in some of these cities.

The record in builder borrowing from banks stands in contrast to a period of pandemic-related disruption, but volume will likely remain below market demand unless President Biden can fulfill promises to reduce supply-chain disruptions.

These standalone properties make up nearly half of all rental units and the financing of them by Fannie Mae and Freddie Mac should reflected in the Federal Housing Finance Agency's affordable housing goal calculations, writes Manchester.

The overall number of applications decreased for the fourth straight week, but average loan sizes headed back up, according to the Mortgage Bankers Association.

The Federal Reserve Chair Jerome Powell said the central bank expects to raise interest rates later this month to tackle hot inflation amid a tight labor market while Russia’s invasion of Ukraine has added uncertainty.