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Sales of previously owned homes unexpectedly increased to a one-year high as buyers rushed in ahead of a surge in mortgage rates, further depleting tight inventories to a record low.
February 18
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The 2022 origination outlook was dropped by $172 billion and for 2023, economists at the government-sponsored enterprise made a $226 billion reduction.
February 17
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In a Senate Banking Committee hearing on the economy, Republicans reiterated their demand for more transparency from Sarah Bloom Raskin, President Biden's pick to serve as vice chairman for supervision at the Federal Reserve.
February 17
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Despite a slowing in the private-label securitization market in January, lenders and investors are expecting a strong year for outside-the-box originations and their secondary market sales.
February 17
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The portfolio is one of several particularly large, recent deals related to the cash-flows from mortgage payments, but it has an unusual composition.
February 17
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New U.S. home construction fell in January for the first time in four months, indicating pandemic-related labor absences and winter weather tempered recent progress on building activity.
February 17
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The originator said it's working on a new process for buyers in the single-family rental market.
February 17
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Sushil Sharma, former Pray.com and LendingTree executive, will take on the newly created chief growth officer position.
February 17
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The 30-year average increased by 23 basis points on inflation, geopolitical news.
February 17
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About 58.1% of the loans are in California, while two California cities -- Los Angeles and San Diego -- make up the pool’s largest MSA concentrations.
February 17
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Minutes of the Jan. 25-26 Federal Open Market Committee meeting, released Wednesday, “[tell] us that they will raise the fed funds rate in March, and that a 50 basis point rate hike is in play,” said Gus Faucher, chief economist for PNC Financial Services Group.
February 17
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A rise in reverse occupancy fraud is contributing to the uptick, a CoreLogic report found.
February 16
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Democrats still want to move President Biden’s five Federal Reserve picks together through the full Senate. But the chamber’s rules will make that tough to accomplish unless Sarah Bloom Raskin can come to terms with GOP lawmakers opposed to her nomination.
February 16
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Recent reports by Standard & Poor’s, Experian and an industry trade group show changes in loan performance and credit over the course of the past month.
February 16
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The buyers spent an average of $433K per house and paid cash in three of every four purchases, Redfin reported.
February 16
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Credit availability also tightened in January, contributing to early 2022’s lending slowdown, according to the Mortgage Bankers Association.
February 16
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Current president Joe Nackashi will become CEO in place of Anthony Jabbour who will be taking the role of executive chairman.
February 15
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The lender and servicer cited negative media coverage over two dozen times in a filing describing the fallout of CEO Vishal Garg’s mass layoffs in December.
February 15
