Special Program Root Tag

In the second quarter, the nation's largest originator funded $39.7 billion in mortgages, including $27.3 billion in purchase loans.

From warehouse offerings from a subservicer to a development willing to take crypto for purchases, these firms are looking to fill holes in the market.

The company also added a new marketing executive to drive growth, with current expansion coming after it also secured an origination purchase deal last month.

The mortgage numbers are a welcome boost to a market that has struggled to overcome high costs and prolonged economic uncertainty.

Prior to the earnings release, Finance of America announced it was buying out Blackstone's equity stake in the mortgage lender for $80 million.

Americans now hold $34.5T in home equity, fueling a surge in home equity loans as lenders race to capitalize on rising property values.

Volatility hiked MSR hedging costs and hurt origination margins. But net income to common shareholders almost matched that seen during the previous quarter.

The 35% levy on Canadian goods does not include any carve outs for lumber or building supplies, with their costs already rising, Cotality's Selma Hepp said.

The Senate bill would make forbearance available to homeowners directly impacted by extreme-weather events, including 2025 California wildfire victims.

The battle between the industry giants over exclusive listings is the latest tussle in the space beset by infighting following last year's major rule changes.

The 30-year fixed rate stayed within a narrow range throughout most of July, with forecasts likely to leave the housing market "stuck," said one economist.

The regulator renewed his fight with the policymaker after the latter left the rates he oversees unchanged and distinguished them from those for mortgages.

Federal Reserve Chair Jerome Powell said during his regular press conference Wednesday that the process of determining tariff-related price increases was always going to be slow, but it has taken longer than he expected.

Still, Redwood Trust lost $100 million on a GAAP basis for the period, a result of its previous decision to pivot to a scalable operating model in mortgages.

Mortgage tech firms are seeking to take advantage of the expected growth of HELOCs with new platform integrations and enhancements of existing tools.

As high interest rates make refinancing impossible for many homeowners, increasing numbers of them are turning to HELOCs and home equity loans for cash.

Community banks could be the answer to increase the supply of non-agency mortgage products in the secondary market, said Steve Thomas of FutureWave Finance.

The sale of SIMPL marked a natural evolution of the software platform that will allow it to reach its full potential, one of its developers said.

Fannie Mae also foresees more home sales than it did in June, but the Mortgage Bankers Association reduced its origination projections for 2025.

Contract signings on new single-family homes increased 0.6% to an annualized rate of 627,000 last month, according to government data released Thursday.