Origination

Branches across the country have closed temporarily, or switched to drive-thru service, as infections and quarantine rules have forced many bank workers to stay home.

But low mortgage rates and higher wages are allowing borrowers to meet conforming loan underwriting terms — at least for now.

The 30-year average climbed six basis points after falling to a monthly low a week earlier.

When finalized, the sections to the Single Family Housing Policy Handbook 4000.1 will replace some 150 Mortgage Letters issued over the years.

About 40% of likely purchasers are delaying or cancelling their activity, a Redfin survey found.

The National Association of Realtors’ index of pending home sales decreased 2.2% from a month earlier to 122.4, according to data released Wednesday.

The past year was noteworthy for many reasons — and within the mortgage industry, some might even argue that 2021 was even more momentous than the 12 months preceding it. What all can agree on, though, is that the ongoing pandemic continued to reshape the lending landscape. As 2022 approaches, we look back on a few of this year’s running themes.

The current patchwork approach to financing the retrofitting of low-income apartment buildings is one of the key issues that should be addressed, the company’s report found.

A measure of home prices in 20 U.S. cities jumped 18.4%, down from 19.1% in September, the S&P CoreLogic Case-Shiller index showed Tuesday.

The lender’s controversial leader Vishal Garg will remain on break but retain his post after disparaging laid-off employees, Aurora Acquisition Corp. confirmed in a Securities and Exchange Commission filing.