Originations

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.

The decision was announced shortly after industry players commented on the Federal Housing Finance Agency's proposed expansion of the document's use.

Purchase volumes reached their highest level since early May, but current numbers sit 30% lower than where they were a year ago, the Mortgage Bankers Association said.

The proposed legislation from Tennessee Republican John Rose calls for limiting the sale of consumer information to mortgage lenders, but includes stipulations for those with existing relationships.

Between 2004 and 2021, the share of originations under $150,000 has declined by 70%, forcing a growing number of consumers to seek alternative forms of financing instead of getting a mortgage, a Pew Charitable Trusts report found.

But the annual rate of change turned negative for the first time in 11 years, according to the Case-Shiller index.

The agreement will allow the fraud prevention company to use this platform to access consumer account data prior to the initiation of a funds transfer.

Nonbanks in home lending rely heavily on this type of funding and are carefully watching rules for depositories that offer it as the industry consolidates.

However, as it currently stands, most measures suggest "the market does not have a path to close the housing deficit in the near-term," Citigroup said. 

Researchers at the government-sponsored enterprise also maintained their outlook for a modest recession but moved anticipated onset to the fourth quarter this year.

The first and fourth-largest home insurers in the Golden State won't issue new policies because of rising construction costs and exposure to catastrophes.