Originations

While the divestment alleviates one of the concerns the Federal Trade Commission had regarding the combination with Intercontinental Exchange, question marks abound.

This generation is more capable of increasing homeownership rates than any others over the past several decades, argues dv01's head of research.

Its affiliation with Apollo Global Management frees the company from having to rely on a securitization strategy.

And it is quite likely that the lower gain on sale seen in initial Q2 bank earnings reports will read through to the large nonbank lenders, Keefe, Bruyette & Woods said.

The chattel financing firm's cash infusion is in addition to a $15.5 million venture round in 2022 and a Series A earlier this year.

However, both Zillow's and Optimal Blue put the 30-year fixed mortgage lower than where it was seven days prior.

A decline in refinances was offset by a rise in purchase loans, largely among government-guaranteed programs, according to the Mortgage Bankers Association.

Nevada also approved similar legislation in June, with permanent policies now in place in over half of all U.S. states.

The sixth annual ranking seeks to identify and celebrate the best employers in home lending.

The Mortgage Bankers Association attributes this to muted demand for home purchases and companies trimming their operations.

Ten Western states that benefited from a pandemic-driven boom reported value declines in May, CoreLogic said.

A majority of people said they are willing to consider purchase of modern prefabricated housing, but local zoning laws currently hold back growth and development outside of rural areas.

The May uptick in nonbank housing-finance payrolls came almost entirely from lender hiring as loan broker numbers plateaued and construction demand persisted.

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The Home Loan banks are failing to serve huge numbers of Americans because of their reliance on outdated credit scoring models.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