Originations

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The Home Loan banks are failing to serve huge numbers of Americans because of their reliance on outdated credit scoring models.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

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.

More than one-third of average wages is now needed for borrowers to make regular payments on the typical home, according to Attom. Meanwhile, the Mortgage Bankers Association found monthly costs rose 14% annually.

However, the company said it is exploring more "tech-forward solutions" to offer title and escrow services in the future.

But the 30-year fixed remained in a tight range as investors digest mixed economic signals, including on inflation.

The National Association of Realtors' index of contract signings to purchase previously owned homes dropped 2.7% to 76.5 last month, according to data released Thursday.

The loans accounted for 18.6% of conventional single-family dollar volume in April, quadrupling its share of business at the peak of the refinance boom, according to Corelogic.

The Federal Housing Administration plans to review and possibly adjust the large loan limit, which determines which mortgages need additional underwriting more regularly going forward.