Originations

The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.

The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.

While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.

Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.

The top five producers had an average dollar loan volume of more than $140 million in 2023.

Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.

The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.

But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.

The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.

Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.

The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.

Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.

Greater availability of data can make it more attractive to buy MBS with loans to underserved borrowers, translating into lower interest rates for those mortgages.

While newly constructed home mortgage applications rose both on a monthly and annual basis, the gains were slower than typical.

A pair of metrics that examine competition in the marketplace went in different directions in March, Zillow found.

The move advances the Biden administration's interest in testing whether skipping a title insurance policy or an alternative for some mortgages would be a cost-saver.

Sonu Mittal reflects on how technology can improve fraud prevention and Freddie Mac's efforts help make loans safer and less expensive .

Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.

Home loan originations were tepid in the first quarter, but higher margins helped large depositories bolster income even when the drop was particularly steep.