Originations

But overall availability still remained near a 10-year low in March, with government-backed products falling for the third time in four months, the Mortgage Bankers Association found.

But the deal propels the four-year old buyer of its wholesale origination operation, The Loan Store, into the national spotlight.

Last month saw purchase rate locks increase by 44%, jumping past the 30% average in February, according to Black Knight's report.

But profits more than doubled on the servicing side, according to the Mortgage Bankers Association.

The president of originations at the public company, Phil Shoemaker, will take over as CEO of the acquiring firm.

A Connecticut Superior Court Judge has reviewed a long-running legal dispute that could define the role loan officers in direct mortgage operations play in originations.

With few clues coming from Federal Reserve officials about their next moves, the 30-year average dropped for a fourth straight week, according to Freddie Mac's latest survey.

Homebuyers in Colorado, Florida and Texas can apply for a minimum $1 million loan with the company.

The agency added increased emphasis on loss mitigation and special purpose credit programs following heightened calls for more participation in the latter from a minority trade group.

Per the settlement, the board of directors will expand its headcount to nine, opening the door to include Steve Ozonian, CEO of Williston Financial Group.

The falloff in government-backed applications outpaced the overall decline, with volume down by over 8%, the Mortgage Bankers Association said.

But attorneys for the small Chicago-based mortgage company remained defiant and actually welcomed the Bureau's move.

While they see a meager gain of just 1.2% in 2024, the recovery will pick up steam in the following three years, when prices are forecast to increase 4% annually, a Pulsenomics survey found.

But a monthly increase in housing costs nationwide to start 2023 may point to a bottoming out of prices in many areas, CoreLogic said.

The state will introduce new rules in 2024, while North Carolina and Delaware have similar legislation coming into effect this summer.

The company counts nearly 2,000 employees on LinkedIn, and operates two wholesale divisions alongside the impacted retail channel.

Lower mortgage rates during the early part of the month, along with fewer properties for sale helped to drive values higher.

Redfin's seasonally-adjusted demand measure was still down by 24% on a year-over-year basis, but it's outpacing dwindling supply, which is slowing sales.

One Draper and Kramer LO's game plan includes making inroads with CPAs, divorce attorneys and attending Eastern-European festivals.

However, the benchmark 10-year Treasury yield pushed back up 15 basis points from a week ago as the markets settle following the recent bank failures.