Origination

Values are predicted to increase by just a fraction of the rate they had in 2020, CoreLogic said.

A majority of the 49 economists in the survey predicted the U.S. central bank will begin the taper in November and wrap it up by mid-2022, curbing the current $120 billion monthly buying pace by reducing Treasuries by $10 billion a month and mortgage-backed securities by $5 billion.

The company, which was accused of cutting corners in originations by a former top executive, produced $32 billion in the third quarter and is guiding between $26 billion and $31 billion in the fourth.

When added to other staffing and acquisitions additions since year-end 2019, the mortgage services provider has more than tripled the company’s headcount.

Recent offerings come with lower age-eligibility requirements compared to traditional government-backed home equity conversion mortgages.

Rocket, already the nation's No. 1 lender, is looking to increase market share

If lenders build this technology, data suggests that borrowers will come walking out of the cornfields for it — but Congress needs to pass the SECURE Act first.

The company is making progress on a focus shift to recurring revenues from transactional activities.

Application for loans to buy a home are a quarter more likely to contain misrepresentations than other loans in the market, CoreLogic said.

The standards, if finalized, could shed light on how Fannie Mae and Freddie Mac are complying with the Federal Housing Finance Agency's new capital framework.