Originations

With new home listings down 25% since last year, bidding wars have become the norm, according to the brokerage.

A resilient U.S. economy, lingering inflation and comments from the Federal Reserve contributed to a 10-basis-point hike in the 30-year fixed rate, Freddie Mac said.

The 30-year-fixed conforming loan rate was had its largest in over a month, contributing to the first decline in activity in four weeks, the Mortgage Bankers Association said.

The Home Loan banks are failing to serve huge numbers of Americans because of their reliance on outdated credit scoring models.

The industry veteran, who most recently ran Finance of America, is advising mortgage shops on how to survive a mortgage contraction.

The transaction for the lending specialist ends a joint venture with Serva, which is a relocation services company.

The latest quarterly increase in revenue comes as other reports show home values heading upward and affordability declining.

The qui tam suit filed in 2018 alleged errors in government loan submissions all the way back to 2008, the year it was founded.

Some pandemic-related gains have been ceded to depositories, national numbers from last year's Home Mortgage Disclosure Act reporting confirm.

Those living in San Francisco and New York want to switch cities in higher proportions than ever before, the brokerage and search platform found.