Origination

Groups representing community banks and credit unions generally support the new percentage-based goals set by the Federal Housing Finance Agency.

The Federal Reserve pledged to maintain at least the current pace of asset purchases and projected interest rates will remain near zero through 2022, as Chairman Jerome Powell committed the central bank to using all its tools to help the economy recover from the coronavirus.

Mortgage investors can take heart knowing the Federal Reserve considers agency MBS a primary arena through which to conduct monetary policy.

The coronavirus market disruption actually caused the company's execs to speed up its return.

Now the shutdown has stretched into mid-June, effectively canceling the long-anticipated Memorial Day listings bonanza.

Mortgage applications increased 9.3% from one week earlier, fueled by low mortgage rates and the release of pent-up demand, according to the Mortgage Bankers Association.

The coronavirus pandemic is driving rents down in San Francisco and across the region, reshaping a housing market that for the past decade has generated enormous profits for residential developers while displacing tens of thousands of workers from the inner Bay Area.

Home sale prices in Cuyahoga County, Ohio, continued their usual spring rise through May, though the number of sales were down amid the coronavirus crisis.

If delinquency rates rise, all four stand-alone firms would have a capital shortfall.

Looming economic uncertainties forced mortgage lenders to tighten underwriting standards in May.