Originations

The increase in sentiment to a five-month high was fueled by more optimism about sales, the outlook and a pickup in prospective-buyer traffic.

The Consumer Financial Protection Bureau's two new proposed rules make sense for most non-banks but applying them to independent mortgage banks is redundant, writes the head of the Community Home Lenders of America.

Weaker economic conditions, rising interest rates and expected changes in investment returns drove the reduced expectations, the Mortgage Bankers Association said.

Major secondary market investors recently allowing for the use of an attorney opinion letter (AOL) as an alternative to traditional title insurance has led to the emergence of both instigators and imitators, writes the CEO of Voxtur.

In cities where the demographic made a majority of purchases, homebuyers with average credit scores in the mid-700s submitted hefty down payments.

But with rates turning back up this past week, activity could fall in February, Black Knight Optimal Blue said.

The change comes as the battle with rival United Wholesale Mortgage reaches a fever pitch and analysts speculate that more changes at the top could be coming.

Average housing costs have surged over 40% since 2019, outpacing 15% in wage increases, the National Association of Realtors said.

The company reportedly hired Truist to broker the loan origination system, which observers have been saying all along would have to happen.

While reverse mortgages allow older homeowners the opportunity to draw on home equity with minimal risk, problems arising from flaws in program structure are causing headaches for borrowers and issuers alike, according to recent reports.