Special Program Root Tag

Olive Branch Home Loans is the first business established through a new LoanDepot partnership model aimed to help builders scale internal lending units.

In three separate appearances Thursday, Fed Gov. Lisa Cook, Gov. Michael Barr and Vice Chair Philip Jefferson said they are worried that U.S. involvement in the war with Iran could drive up inflation, leading them to conclude that interest rates should remain steady in the near term.

The 30-year fixed mortgage has increased by 40 basis points since February, while the 15-year is 14 basis points lower than a year ago, Freddie Mac reported.

Affordability improved in February as rates dipped below 6%, but March's climb to 6.43% signals tougher months ahead. Lenders should act now on pockets of opportunity before rising rates erode recent gains.

A recent executive order encouraging changes to the Consumer Financial Protection Bureau's Ability-To-Repay and Qualified Mortgage rules are adding to a packed agenda at a time when the agency has lost a third of its staff.

Some lenders and condo market stakeholders are raising concerns that new GSE rules ending limited reviews and tightening reserve requirements could raise costs.

The Federal Home Loan Bank system, a Depression-era program designed to shore up mortgage lending that has morphed into a go-to — and controversial — source of cheap financing for banks and other financial institutions.

What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate.

José Torres, senior economist at Interactive Brokers, breaks down the FOMC decision and Fed Chair Jerome Powell's press conference.

TruLookup for Real Estate reduces the need for Realtors to access multiple databases or download numerous apps when researching a potential client or property.

The FHFA's ACV condo insurance rollback gets the balance right between affordability and safety, even if politics muddied the waters, the chairman of Whalen Global Advisors writes.

Former Stockton originators are suing their ex-bosses for violating their privacy, in searching their personal accounts to show they were diverting borrowers.

The average homebuyer would save $150 per month by using an adjustable-rate mortgage instead of a 30-year fixed-rate mortgage, according to Redfin.

Guaranteed Rate Affinity, joint venture between Guaranteed Rate and Anywhere Integrated Services, announced its national builder divisional manager.

The wholesale lender says it agreed to a $660,000 deal last summer for employees seeking overtime pay, an agreement the plaintiffs say never existed.

Terms of the deal were not disclosed but both firms are nationwide mortgage originators, with CrossCountry claiming it is the top retail lender.

For the second week in a row, the 30-year fixed increased by 11 basis points, Freddie Mac found, a result of reaction to oil price hikes from the Iran conflict.

The pace of applications and closings on new construction fell from January, while the average loan size also declined, despite a period of lower rates.

Federal regulators issued proposals Thursday to implement the final elements of the Basel III accords, adjust the global systemically important bank surcharge and implement standardized approaches for risk-weighted assets. The changes would reduce capital requirements for banks of all sizes affected by the rules.

Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.