Originations

Policies were introduced to provide greater consumer protections, but the bureau specifically noted within its announcement questions it had received regarding payment adjustments in response to competitive pressure or following an originator error

Rates on the 30-year fixed rate mortgage rose during the month, but purchase borrowers using jumbo loans drove activity higher compared with January, Black Knight said.

Three years after many employees left the office, no standard remote employment rule has stuck.

This could first be claimed by homeowners on their taxes in 2007, but it was never made permanent by Congress and expired after tax year 2021.

Meanwhile, pending home sales are down 16.1% compared to the same time last year but demand is still up from its late-October lull, according to Redfin.

Despite ending 2022 in the red, the lender and servicer saw full-year profits exceed 2021's total.

More than half of pandemic gains have been erased, but how the mix of stronger than expected overall employment and other developments will affect rates remains uncertain.

An analysis of HMDA data from 2018 to 2020 found a correlation between age and mortgage application outcomes.

The company wound down its wholesale production channel and is surrendering its Fannie Mae and Freddie Mac seller/servicer status.

The REIT failed to post profits in any quarter last year, as the mortgage industry encountered a steep originations slowdown.

The 30-year fixed pushed up another 8 basis points this week as the markets are speculating about what the Federal Reserve will do next.

The company lost $163.7 million last year as funded origination volume fell 71% annually to $27.6 billion in 2022.

Executives at the company pointed to market volatility, year-end seasonality and its exit from the wholesale channel as reasons for the deficit.

The top five depositories have a combined second lien dollar volume of more than $88 billion as of September 30, 2022.

The increase in federally backed loan activity helped drive overall volumes upward for the first time since early February, even as interest rates jumped again, according to the Mortgage Bankers Association.

The share of consumers worried about potential job loss spiked to its highest point in 12 months, leading to a downturn in outlook, according to Fannie Mae.

The announcement came as a Federal Trade Commission suit to halt the deal became more likely.

The new special purpose credit program is part of efforts to reduce the racial gap in homeownership and offers assistance to borrowers who meet certain income and location requirements.

A legal filing could come as soon as Thursday, sources close to the matter claimed.

Even with the government-sponsored enterprise's statement that full appraisals are no longer required to prove value, industry participants say they will remain a tool for lenders to use when needed.