Origination

The funding requests break sharply with the Trump administration's calls to eliminate key housing funds and backing for community development financial institutions. The White House also wants to substantially increase the budgets of the Treasury Department and the Small Business Administration.

Also: Cloudvirga merges with Stewart Information Services, home price growth makes loans risky and rates dip again.

The increasing regulatory costs may give the Biden administration reason to encourage the rollback of some zoning restrictions that hamper construction.

This is the multi-hyphenate company’s sixth deal since the start of 2020 — a series of acquisitions in a variety of sectors within the industry, ranging from analytics to artificial intelligence.

The steady pace of refinance activity has also continued, as borrowers seek to take advantage of sub-3% rates.

Nonprofits connecting Historically Black Colleges and Universities to mortgage career education courses seek to increase the number of Black professionals in the field, who in turn may help to increase homeownership among underserved populations.

Average days to close dropped closer to pre-pandemic levels in April, according to ICE Mortgage Technology.

The company, on the cusp of going public via a merger, recently added Wells Fargo to its client roster.

While purchases increased, refinancing activity slowed considerably compared to its pace over the past month.

Purchase contracts for the three months through April surged 85% from a year earlier to 3,487, the builder said in a statement after the close of trading Tuesday.