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Economic uncertainty slowed multifamily and commercial activity to the lowest level in 9 years, the Mortgage Bankers Association said.

The bill would provide up to 18 months of relief to homeowners still financially impacted from the storm and would apply retroactively to payments missed since September 2021.

The offering comes amid an ongoing wave of private and public MSR sales.

The president of the Federal Reserve Bank of New York said the performance of office loans is a top supervisory issue, but not an immediate threat to financial stability.

Both its servicing and origination segment were in the red in the first three months of the year, with the latter division reporting a net loss of $32.8 million.

The firm's reverse mortgage arm combined with the newly acquired American Advisors Group will make the parent company the largest player in that lending space, executives said.

Bank turmoil caused a reduction in adjustable-rate and refinancings, but jumbo product availability actually grew in April.

The combined companies, which originated three or fewer loans in the state last year, saw minor growth year-over-year, against an overall 41% drop in volume statewide.

The incident affecting the information of 1,361 customers is a rare disclosure of a data breach from a top mortgage lender and servicer.

Even with lower new insurance written, the six active underwriters remained profitable.

Plaintiffs could amend certain allegations related to the bank suspending some payments without permission, but the judge dismissed others outright.

However, the 16% decline was far less than the drop in mortgage volume due to the increased share in purchase transactions.

April interest rate drops provided momentum for an upturn, but more consumers also thought the outlook for buying and selling was headed in a favorable direction, according to Fannie Mae.

Brian O'Shaughnessey's latest venture, Imperial Bancorp, LLC, is set to secure licensing in the next four to six months, when he expects that "spreads and interest rates will tighten and loans will be worth more."

Jesse Iwuji Motorsports claims Equity Prime Mortgage backed out of a multimillion-dollar commitment after it was hit with a margin call last fall.

Homes in the top five states have an average of $222,964 in 2022, according to LendingTree.

The Philadelphia-based company will eliminate an undisclosed number of jobs as part of a plan to refocus on core business lines and markets, CEO Thomas Geisel said.

After a selloff toward the end of 2022 when it sought to reduce liquidity risk, the company resumed purchases of whole loans last quarter.

Both tools are currently in use by eligible customers with waitlists open to others who are interested.

The median price slipped 0.2% in February from a year earlier to $363,000, according to the National Association of Realtors.