Originations

A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.

The GOP has launched multiple proposals with this aim and a trade group is specifically backing an expansive one from Rep. Warren Davidson, R.-Ohio.

Government-backed activity, though, managed to grow, which helped to shrink purchase-loan sizes to their smallest in over two months, the Mortgage Bankers Association said.

The Berkshire Hathaway unit first invested in the underwriter in May 2022. Previously it was wholly owned by Realogy.

Worries about unknown future expenses and the state of their own finances are also causing anxiety for over 80% of U.S. consumers, according to new research from BMO.

Residents in the top five cities have an average median credit score of 800.4 in 2022, according to WalletHub.

But scarce housing inventory has helped to bring home equity values back upward, offsetting some of the losses of late 2022.

State Farm General Insurance Co. said it's no longer accepting new applications for property and casualty coverage in California last week, a year after Allstate Corp. also paused new policies, worsening what FAIR Plan, a state-mandated insurance pool, called a "looming insurance unavailability crisis." 

Staff retained or added for the spring homebuying season has stemmed the tide of layoffs for now, according to the Bureau of Labor Statistics' latest figures.

A change in investor sentiment toward an expected pause by the Fed in short-term rate hikes was the driving force behind the current surge, Freddie Mac said.

Businesses in the first quarter lost money in 1 of every 7 home sales, a rate which approached a seven-year high, Redfin said.

The company will acquire 20 branches and some origination employees in the deal.

It was the eighth consecutive quarterly decline of origination activity, according to a report published by Attom Data.

Those thinking about entering this space should consider whether they can build a sustainable operation in scale, niche or relationship lending, a report by Stratmor Group argues.

The 30-year average for both conforming and jumbo loans jumped more than 20 basis points, according to the Mortgage Bankers Association.

Prospective borrowers are looking at cross-country moves more often than a different domicile within their city's borders, the real estate platform found.

But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.

Limited regulation and elevated volatility limit current activity, but new offerings are still finding their way to market.

People in the industry use the terms interchangeably, but Washington State is warning brokers that they are not the same and other regulators could follow.

The decrease between February and April came in far smaller than typical seasonal trends, Redfin said.