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Affordability was at its lowest point since the mid-1980s while home price appreciation numbers remained historically strong, Black Knight’s latest report found.

The bank began trimming its payroll after a dismal first-quarter origination performance. It will announce second-quarter results next week.

Capital adequacy at the four largest underwriters remained strong at the end of 2021 even with a slight decline from the prior year, Fitch Ratings said.

Average purchase-loan amounts shrank for the second week in a row and are currently 12% below their record size in March.

Drop in new contracts and waining interest point to a slower Q3 as consumers grow cautious about a recession.

Also: Freddie Mac accepts positive rental data, CFPB urges states to play hardball and report finds prices rise higher in disaster-prone areas

But second home sales — which were below pre-pandemic levels for the first time in 24 months during May — may slow in the future as those in vulnerable areas get tougher to insure.

Even with another annual surge of over 20%, the pace of home-price growth eased in May and experts anticipate even further moderation over the next year.

And in other consolidation news, HomeServices of America’s Pickford Escrow Co. picks up competitor Legendary Escrow Services.

The use of rent data in credit models is allowing people with low credit scores or thin credit files to get loans. But consumer advocates warn the use of that data could harm the very people it’s supposed to help. 

The fast-paced rise in rates should be good for banks — until it isn't. The higher interest earned on loan payments will at some point be offset by higher interest paid on deposits. The only questions are: When, and by how much?

California counties must now work to remove decades-old racist language in property records that once banned people of color from buying homes in neighborhoods across the state.

Congressional authorization for credit-preference programs in the Equal Credit Opportunity Act could mitigate disagreements that might arise from the equitable housing finance plans, write two partners at K&L Gates.

Questions remain around switching benchmarks that could result in unexpected refinancings

The potential expansion of credit scoring models and the handling of post-foreclosure sales are just some of the issues at hand.

A Federal Reserve Bank of Philadelphia research group called the early indication of outcomes “concerning given overall strong market conditions.”

Borrowers condemned the company's disclosures, which came six months after the incident and omitted details about the hack and subsequent investigation.

Also, Xactus, iEmergent add to their C-suites, Planet Home grows its team and Longbridge Financial finds a chief operating officer.

Agencies supervising lenders should make it clear that the transition to less discriminatory algorithms won’t be used to punish banks for their previous use of older, less effective systems.

The transaction adds 11 branches in Virginia, Florida, North Carolina and Texas to AnnieMac's nationwide 60-plus office network.