Originations

Amid industry challenges, borrow a page from the playbooks of these industry leaders as they strategize around new roadblocks and look for fresh opportunities.

Rate locks have increased every month this year, but May's pace came in more subdued than early-year numbers, according to Mortgage Capital Trading.

The position had been occupied by Scott Smith on an interim basis following Black Knight's sale of the company to Constellation Software.

A Fannie Mae survey-high 86% of prospective buyers said it was a bad time to buy a home in May.

In the first quarter of the fiscal year, many mortgage-related companies posted profits after a year-end that didn't exceed expectations. Here's how major publicly traded players in the industry performed in the first quarter.

The 30-year fixed-rate mortgage average dropped back below the 7% level as investors reacted positively to news the economy is slowing, Freddie Mac said.

The deal is expected to open up "substantial funding capacity" for Los Angeles-based BARH Dunmore, which launched in 2021.

The company foresees a dampened mortgage originations market through 2026, as last year's trends continue to have an impact on housing.

Staffing cuts affected employees in the reverse-mortgage lender's retail and corporate units, the company confirmed.

Besides allegations of trade secret theft, HMAC is accusing rival OCMBC and Michael Turturro of stealing the branding around its Jet Mortgage division.

Both purchases and refinances dipped as rates failed to help borrowers, but government lending picked up a rising share of loan volume, the Mortgage Bankers Association said.

The Consumer Financial Protection Bureau said in a new circular that it's still watching for attempts to get borrowers to sign away rights that can't be waived.

Brokers say the credit giant, which charges $66.45 per individual check, hasn't made its product better through its acquisitions.

Despite the surge of inventory, the number of available homes is still below pre-pandemic levels, while price movements show wide regional variations, ICE Mortgage Technology said.

At the end of 2024's first quarter, the top five lenders had an average origination volume of more than $7 billion.

An index of contract signings from the National Association of Realtors dropped 7.7% to 72.3, the lowest reading since the early months of the pandemic.

The assumption process is highly manual and time consuming and the change from Dark Matter enables lenders to pull data from MSP back into the Empower system.

With home prices also climbing up faster than expected for the time of the year, median new loan payments headed higher by more than 2%, according to the Mortgage Bankers Association.

Yields on the benchmark 10-year Treasury also rose in the past week as bond and note auctions got tepid responses from investors.

An uptick in interest rates kept borrowers on the sidelines, as both purchases and refinances dropped, the Mortgage Bankers Association said.