Originations

A potential buyer with a budget of $3,000 per month for their payments is now able to afford an approximately $453,000 home.

In the wake of the Surfside condo collapse, Freddie Mac and Fannie Mae instituted stricter rules regarding the soundness of this crucial form of housing stock as it ages. In response to complaints about a lack of clarity on buildings deemed unfit for financing, the GSE unveiled plans to improve transparency for both homeowners associations and lenders. 

At the same time, the Hilltop Holdings unit expects its gain-on-sale margins to remain pressured in the coming year.

Connecticut issued a cease and desist order, alleging that Loansnap used unlicensed originators to solicit borrowers and accept loan applications in violation of multiple federal laws.

Even with the 9 basis point rise this week, they have remained at the same level since mid-December, and that should bring people into the market, Freddie Mac said.

Having the opportunity to customize their own tech stacks was a key reason behind many top producers' success, according to a new Floify survey.

Home buying demand propelled overall volumes to a third straight weekly gain, as refinances fell, the Mortgage Bankers Association said.

While becoming more popular in the past year as mortgage rates have increased, the differential is small between those that did and didn't pay points for a permanent buydown, Freddie Mac said.

In the quarter, 80% of the homebuilder's mortgage customers used the rate buy-down incentive, the company said on a call with analysts.

Fannie Mae claims its pilot program, which the loan origination system is utilizing, has aided over 5,000 mortgage applicants in the past two years.

Its January forecast reverses the call first made in April 2022 that the U.S. economy would slip into an extended downturn.

The defendants are seeking more detailed information about what the bureau found as far as the extent of the alleged staff licensing violations.

With many already living in aging properties, the millennial generation could be stuck with the costs, a Leaf Home/Morning Consult survey claimed.

The House Ways and Means Committee is marking up the bipartisan legislation that would restore a 12.5% boost to the program's availability.

A common concern in housing finance reactions has been the lack of accommodation for strategies routinely used to manage credit, rate and liquidity exposures.

Bidding wars are also coming back into play in several markets across the country, with the Northeast, in particular, seeing increased activity, according to Redfin.

Contract closings decreased 1% from a month earlier to a 3.78 million annualized rate, according to National Association of Realtors data released Friday.

"Someone somewhere has not taken a victory lap for the work that has been done to rehabilitate the enterprises." Priscilla Almodovar said in a Bloomberg interview.

Lending activity among builders surged over 22% annually in December, but the growing share of FHA-backed borrowing in the segment took a step back for the first time in four months, the Mortgage Bankers Association said.

Reven Office REIT is seeking $100 million from a lead investor and $900 million through a "blind pool" initial public offering.