Origination

Lower cure rates and possible rises in foreclosures and claims could force these companies to raise capital next year, Fitch Ratings said.

Set alight by the Fed’s low interest rates and bond purchases, the mortgage industry is on fire.

Mortgage industry hiring and new job appointments for the week ending Dec. 4.

The money lenders are making on each home loan hit another survey-record high in the third quarter, but it may not be quite as high going forward.

The economic fallout from COVID-19 has highlighted systemic concerns about commercial real estate exposure, business debt and short-term wholesale funding, the Financial Stability Oversight Council said in an annual report.

The results are in the middle of the range provided before the company went public in October.

About 23% of borrowers under 30 got such a loan in October.

Mortgage rates dropped a basis point this week, reaching the lowest level since Freddie Mac started tracking this data, even though yields on the benchmark 10-year Treasury increased 7 basis points.

The head of the Federal Housing Administration said Congress should consider whether to continue allowing the loan floor and ceiling to remain tied to changes in the conforming mortgage limit.

The company’s proprietary platform is aimed at helping borrowers apply for home loans in as little as 15 minutes by automating immediate validation of bank information used in qualification.