Originations

And in January, all-cash buyers reached their highest share in nine years, at 32.1%, Redfin said.

As application volumes increased, loan sizes also surged, with average purchase amounts now at a 2023 high, according to the Mortgage Bankers Association.

The Toms River-based lender was supposedly having liquidity issues, according to unconfirmed reports.

Mortgage professionals are carefully monitoring indicators of whether turbulence in the financial markets will continue to put downward pressure on rates.

The pace of supply coming to market continued its late 2022 slowdown in the first two months of the new year, but greater opportunities may lie in sales of newly constructed properties.

The government-sponsored enterprise took the next step towards allowing lenders to implement its property valuation modernization plans.

Imbalances linked to affordability and interest rate volatility are challenging the mortgage market. Here's how they may be resolved.

How lenders with between 100 and 499 employees stacked up against each other.

A preliminary injunction in federal district court had put the 2020 rule on hold, and the move will officially reverse it.

If adopted, the proposal from the Conference of State Bank Supervisors would place less stringent rules on the type of financial documents expected from startups, underwriters and brokers.

The technology provider is in the midst of a large reduction in spending including the dismissal of approximately 340 employees.

In its last full quarter using a mortgage banker business model, the company originated just $21.5 million, well down from $759.4 million one year prior.

The failures of Signature Bank and Silicon Valley Bank have already rocked mortgage rates but aren't expected to rattle lines of credit provided by depositories, home lenders say.

How mortgage companies with under 100 employees stacked up in this year's ranking.

The new fees based on the DTI, which lenders have said is too likely to vary throughout the origination process for a single loan, will now go into effect in August.

Concerns about the stability of the banking industry helped drive interest rates down, bringing more borrowers to the table, according to the Mortgage Bankers Association.

The National Association of Home Builders/Wells Fargo gauge rose 2 points this month to a six-month high of 44, figures showed Wednesday.

The company sold off several segments of its business last year and also completed four securitizations of reverse mortgage loans as it fully commits to the 'retirement home-equity market.'

The Santa Ana, California-based lender created the partnership in a bid to capture more purchase business in the Midwest.

Product availability fell to its lowest level since January 2013 as lenders pulled back on offerings across the board, but especially in conforming loans, the Mortgage Bankers Association said.