Originations

Lenders are eliminating what they consider to be riskier loans from their offerings, the Mortgage Bankers Association said.

Payments increase 5% in each of the first five years of the mortgage, with the unpaid interest from that period added to the principal.

National real estate company Redfin is looking for a new tenant to take over the Frisco, Texas office space that housed its now-shuttered mortgage division.

As revenues are bottoming out for this group of depositories, some are totally retreating from residential real estate finance, the head of Citizens Financial Group said at a conference.

After 90 years, it is time to examine whether the system is still fulfilling its intended mission to provide liquidity for its members to make mortgages.

But the shift to a purchase market means issues around employment and income verification should concern originators.

Younger mortgage tech software developers reveal new efficiencies they're creating for lenders.

Rate and term refinance activity has practically disappeared compared with 12 months ago, and volume for the less rate sensitive cash-out product is much lower.

Special-purpose credit programs figure prominently in the recently released equitable housing finance plans of Fannie Mae and Freddie Mac.

At least one other nonbank wholesaler will be following suit, with more likely to follow.