Originations

The current Treasury yield curve is leading homeowners to pay mortgage rates at least 120 basis points more than they should, equal to an extra $245 a month on a $300,000 loan, their letter said.

Lenders are rolling out less sensitive products such as adjustable rate loans and non-qualified mortgages.

Should the Federal Reserve step back into the market and restart their loan purchase activity?

One in every 123 purchase applications showed indications of fraud in the second quarter, outpacing the first, the report found.

While some observers believe that by year-end, the 30-year FRM would be lower than current levels, chatter about an 8% mortgage exists.

Seventeen companies showed off their latest tech aimed at streamlining the lending experience.

Three top executives, including CEO Kevin McMahon, left the company in the days following its sale to Constellation Software.

Most consumers see their experience in the housing market giving them more pressure than life events like dating or potty training.

The Federal Housing Administration could increase the limits for loans it insures in this market, a congressional oversight agency said in a new report.

Loan activity fell for a second consecutive week, dropping to levels last seen in 1996, as a potential government shutdown loomed.

The top five lenders have a combined retail home loan volume of more than $29 billion at the end of Q2 2023.

After 139 consecutive months of rising values, a change in the pattern could slowly emerge.

The major player has now acted more quickly than its biggest rival on this count two years in a row, after lagging behind two competitors in 2021.

The rise in the number of reductions runs against typical seasonal norms, Redfin said.

The government-sponsored enterprise has created a Spanish-language version of its HomeView program.

The month-to-month decline was larger than all estimates received by Bloomberg in a survey of economists.

On a week-to-week basis, new application activity fell by 1.3%, with purchase volume off 2%, the Mortgage Bankers Association found.

Since the start of the year, values have pushed upward at a marked pace, separate reports from the Federal Housing Finance Agency and S&P CoreLogic Case-Shiller declared.

The total value of U.S. housing rose more than $2.6 trillion in the past year, Zillow said, defying predictions that higher borrowing costs would lead to a prolonged slump.

The triple threat of tight supply, elevated prices and historically high mortgage rates continues to weigh on sales, even as home builders are offering incentives to potential buyers.