Origination

With refinance volumes predicted to fall — but currently continuing apace — lenders explain how they’re readying themselves for eventual contraction and its implications for their expenditures.

The CFPB’s allegations are similar to unresolved accusations Connecticut first levied against the company in 2018.

While some industry forecasts predicted origination volumes would fall 7% quarter-to-quarter in 4Q, early earnings numbers from Wells Fargo, JPMorgan Chase, Citi and PNC Bank show they were down just 3% when purchased loans are excluded.

Despite mortgage rates expected to rise modestly in 2021, a bolstered Biden administration stimulus package and COVID-19 vaccination efforts bring promise for economic recovery.

The move to a remote work model is a long-term, technology-driven transformation, which was well underway prior to the pandemic and will continue long after the pandemic, Matthew VanFossen and Taylor Stork, members of the Community Home Lenders Association, argue.

The pandemic-fueled exodus from New York City propelled nearby Westchester County to its strongest year for home sales in more than two decades.

Mortgage industry hiring and new job appointments for the week ending Jan. 15.

Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity.

The acquisition brings the credit report provider into the commercial and residential appraisal technology space.

Purchase apps for new homes only eked out a small gain in December but the Mortgage Bankers Association is forecasting that they will continue to increase.