Originations

Instability in mortgage rate movements should continue in the weeks ahead, even with Fed Chairman Jerome Powell's comments on inflation.

The figures indicate the resale market is breaking out of a protracted slump due to high mortgage rates that discouraged homeowners from moving.

ICE Mortgage Technology's new Encompass Mortgage Insurance Center also allows for seamless data transfers between systems.

Rates won't fall far enough to drive meaningful mortgage volume gains this year, according to a Fitch Ratings analyst.

Limited inventory helped bring the average purchase size on new applications to its highest mark since mid 2022, the Mortgage Bankers Association said.

Industry veterans are wary of prospective borrowers who can't pay for agents, and of compensation guidelines clashing with government mortgage lending programs.

Fannie Mae's latest forecast now predicts rates to be half a percentage point higher, and volume to be $1.5 trillion lower than previously expected in 2024.

Dan Snyder, CEO and co-founder of Lower discusses the state of the mortgage industry in 2024 and his experience of running a home lending business in past and current market conditions.

Among opportunities to be offered to the program's fifth class of startup entrepreneurs are bank-provided mentorships and sessions with technology leaders and regulatory experts within home finance.

Christy Soukhamneut, chief lending officer at University Federal Credit Union in Austin, Texas, discusses the places career opportunities can emerge from, the importance that asking questions has in creating leaders and the rising profiles of women in mortgage.

The increase in production revenues was canceled out by higher expenses, a sign that too much capacity remains in the system, the Mortgage Bankers Association said.

Some potential sellers are realizing that waiting for lower rates might not be worth it given the amount of equity they have, Zillow said.

Cost of property coverage rose more than 55% over the last five years and it'll likely keep rising through 2024, a report from Guaranteed Rate found.

The average 30-year fixed mortgage rate for conforming loans fell, according to Freddie Mac, even as the 10-year Treasury yield rose nearly 18 basis points from the start of this week.

Gen Z and millennials are more willing to take a higher mortgage rate in order to buy a home than Gen X and baby boomers, the ServiceLink report found.

The community development financial institution was the nation's top non-qualified mortgage lender last year, according to one ranking.

But still-elevated interest rates contributed to a "deteriorating outlook" for independent mortgage banks this year, Fitch Ratings said.

The nearly 50% homeownership rate in 2023 marked the most significant increase since the Great Recession, according to NAHREP.

A greater number of refinances, particularly in the government market, led overall volumes higher, the Mortgage Bankers Association said.

Company executives are counting on Guild's recent acquisitions to buoy business once the market normalizes.