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Foreclosure prevention actions overall fell for the sixth time in seven months in October, according to the FHFA.

The reductions in the multifamily goals for 2023 to 2024 compared to those from the period before suggest that these goals will have little, if any, impact on the GSEs' multifamily operations in future years, writes a former principal economist with the Federal Housing Finance Agency.

He replaces Phyllis Caldwell, the former Treasury official who took the position in February 2016 and helped guide the company through the 2017 federal and state lawsuits.

The Federal Reserve's quantitative-tightening program risks being propelled toward an early end as U.S. politicians bicker in Washington over raising the national debt limit, according to some economists and bond market participants.

The breaks for some lower-income borrowers are welcomed, but the use of debt-to-income as a differentiator could complicate originations at a challenging time, lenders say.

The layoff round, which a spokesperson said represents "less than one quarter of one percent of the roles in the company," comes after Rocket announced a 20-person reduction in the marketing team in early January.

The share of loans with suspended payments remained steady as 2022 ended, but that could change this year if unemployment increases in line with forecasts, according to the Mortgage Bankers Association.

Working appraisers say government efforts to curb discrimination are pressuring them to inflate values, putting banks and borrowers at risk.

Several providers, including BlockFi and Celsius, have filed for bankruptcy in recent months. But this does not necessarily spell gloom and doom for the industry.

Currently, there's no standard mechanism for lenders to easily access this information.

LOs are building relationships to hesitant consumers by offering seminars and online videos that answer the questions they're afraid to ask.

The market is signaling that a Federal Reserve policy rate peak short of 5% will be enough to cause a recession, requiring rate cuts totaling half a point during the second half of the year.

A panel discussion with executives from Boston Consulting Group reinforced the view that regulators will allow the deal to proceed, Keefe, Bruyette & Woods said.

An extension would give the companies an additional six months beyond a current March deadline to complete the transaction.

Speaking at an event hosted by the Council on Foreign Relations, Federal Reserve Gov. Christopher Waller said the Federal Reserve has a long runway for its balance sheet reduction.

Some of the employees impacted are from recently acquired SimpleNexus

The action fulfills a promise made previously by the Department of Housing and Urban Development to add an overarching framework for maintaining equitable practices.

The Federal Reserve's focus on what's happening in the labor market makes an economic downturn likely, but many watching the markets expect a policy easing in the second half of the year and growth following that.

The migration to Empower LOS from the public company's own independent system should be completed by 2024.

Sales of previously owned U.S. homes fell in December to the slowest pace in over a decade, capping one of the housing market's worst years on record amid a rapid jump in mortgage rates.