Origination

Republicans on the Senate Banking Committee objected to Biden administration picks for key jobs at the Department of Housing and Urban Development based on their past criticism of police practices. The nominees, including the prospective Federal Housing Administration chief, said their statements were taken out of context.

The company has been making investments in correspondent originations and servicing and “reverse” loans used by borrowers age 62 and up to withdraw home equity.

The delta variant added uncertainty to markets, leaving investors cautious about moves that would lead to upward movement.

The owners say they’re largely making the changes for their enjoyment rather than to increase the value of their property.

Many banks reported sharp declines in income from home loans during the second quarter. The large gains they enjoyed last year thanks to a surge in refinancing activity are unlikely to return, according to bankers and analysts.

The numbers in a new Research Institute for Housing America report reinforce other signs that recovery isn’t moving quite as quickly as originally anticipated.

A ClimateCheck score measures the risk of disaster at the zip-code level over the period of a 30-year mortgage.

Despite declining rates, refinancing volume fell, while purchases slowed even further after dipping to its lowest point in over a year.

President Joe Biden quelled for now a brewing confrontation with progressive Democrats with a new moratorium on evictions during the pandemic, but the order invites a legal fight with high-stakes consequences for public health that the government may well lose.

The deal comes just days after Figure closed on a capital raise that valued it at $3.2 billion.