Origination

Mortgage application activity decreased 1.2% on a seasonally adjusted basis last week, but refinance volume picked up as interest rates reached a new survey low, according to the Mortgage Bankers Association.

Fudge, who has served in the House since 2008, represents most of the majority-Black areas of Cleveland as well as part of Akron.

While distressed mortgage rates crept down overall, serious delinquencies still tripled year-ago rates in September, according to CoreLogic.

Whether Ginnie issuance increases in the future may depend in part on the extent to which the Biden administration wishes to tap the FHA to promote affordable housing and homeownership.

In November, more loan products were being offered both at the upper and lower ends of the market.

Despite an unpredictable year, one degree of normalcy has returned to Seattle-area home sales: In a dip typical of the winter season, fewer homes were on the market in November and fewer new sellers were listing.

Recent Black Knight numbers put the average retention rate at a record low for the post-crisis period that followed the Great Recession.

Employment worries and the pandemic's ongoing obstacles for home buying wore down consumer confidence in November, according to Fannie Mae.

Strong demand by buyers bidding above asking price helped push up the median resale price of single-family homes on Oahu to $872,500 in November, the second highest ever.

Jeff McGuiness is stepping into an organization that just had its best quarter ever in origination volume.