Origination

The $146 million deal could indicate that volume in the asset class has gotten large enough to support programmatic activity in the pricey housing market.

Genesis, based in Sherman Oaks, California, has originated more than 12,000 loans since 2014.

Despite Boise's supply shortage and skyrocketing prices, homes in Ada County have always been built primarily by local builders. That could soon change.

Banks, credit card issuers and debt collectors all supported the Consumer Financial Protection Bureau’s revised regulations. But they face a steep learning curve in complying with the rules, which take effect Nov. 30.

With a huge wave of consolidation expected soon, lenders must carefully adjust their mix of personnel and technology to stay profitable, whether they plan to continue to compete or sell.

Because there are currently no obligations on the sector to file suspicious activity reports — and no penalties associated with not reporting — there is no real incentive to report, writes the vice president of SmartSearch.

The entire pool is comprised of fixed-rate, fully amortizing mortgages, with an average balance of $901,373. They are also first-lien loans.

The state, which has grappled for years with a shortage of affordable housing, will see prices rise 5.2% to a median of $834,000 in 2022, according to a forecast by the California Association of Realtors.

The share of borrowers who thought it was a good time to buy hit an all-time low, according to Fannie Mae.

Lawmakers appeared supportive of Alanna McCargo's nomination at a Senate hearing Thursday. If confirmed, the former Urban Institute vice president would fill a role that has been vacant since 2017.