Origination

The jump is the largest 12-month gain in the index since the series began 45 years ago.

The changes could help one of the Biden administration’s affordable housing goals, which is aimed at making wealth-building through owner-occupied, 2- to 4-unit properties more attainable.

Residential construction was up 27% year over year in July, according to the U.S. Census Bureau.

Improved capitalization and smaller balance sheets should help several weather the likely consolidation that is coming, Moody's said.

Almost $35 million of the total is earmarked for compliance efforts at 93 organizations.

What that means for the industry outlook depends in part on how well the imbalance between supply and demand for homes sustains wavering gains in the housing market.

Roughly $8 billion to $12 billion of the residential losses in the Louisiana area could be insured, according to CoreLogic. The storm’s more recent Northeast impact has not yet been calculated.

From 2016 to 2019, the Long Island man stole from Home Point Financial, LoanDepot and United Wholesale Mortgage, and faces 30 years in prison.

Price growth is moderating and properties are taking longer to sell — albeit by a modest three days.

The 30-year average has remained below 3% for two months.