Originations

Eligible borrowers in Atlanta, Baltimore, Chicago, Detroit, Memphis and Philadelphia can apply.

Prices fell 0.5% from September, the fourth consecutive monthly decline for a seasonally adjusted measure of home prices in 20 large cities, according to the S&P CoreLogic Case-Shiller index.

Prospective borrowers can secure significant square footage for often below $300,000 in these mostly Midwest cities, according to industry veterans.

A mid-month retreat in 30-year mortgage rates back below 7% along with an increase in builder incentives may have helped support demand.

Some companies are making them available for a broader range of mortgage products, and one also offers a future no-fee refinance option.

Mortgage-purchase applications were 4.6% higher in December from a month ago, per a Redfin report.

Many have called for a heavy analysis if not an outright denial of the transaction by the government, but this could finally move the needle, said former Obama Administration official and former head of the MBA David Stevens.

The partnership will expand UHM reach to new markets in Florida, Michigan, Ohio, North Carolina and California.

But the 15-year interest rate rose last week, in line with 10-year Treasury yields, as bond investors used a quiet week to reflect on broader trends.

The average monthly payment dropped by more than one percent from October.

The Federal Housing Finance Agency said it would heed the recommendation from a report by its Office of the Inspector General released this week.

Refinances saw an uptick for a third straight seven-day stretch, but purchases flattened during a typically slow home buying period, according to the Mortgage Bankers Association.

Sales of previously owned U.S. homes fell for a 10th-straight month in November, extending a record decline as high mortgage rates continue to stifle affordability.

Investor whims and secondary market conditions make any pivot away from fixed-term products a riskier proposition for nonbanks, mortgage advisory group Stratmor said.

The pending merger of Black Knight and ICE threatens to create a monopoly not unlike Ticketmaster, writes the chief executive officer of Figure Technologies.

The lender plans to grow the segment by relying on account executives and their connections, the company's SVP of sales said.

Lower rates brought some purchasers back to the market in November but activity remains lower than one year ago, the Mortgage Bankers Association said.

New U.S. home construction continued to decline in November and permits plunged as high borrowing costs paired with widespread inflation eroded housing affordability and demand.

Title insurers are lobbying Congress eliminate alternatives to their products, writes the founder of iTitleTransfer.

But the lower rates of the past month did result in a $7-billion boost to its origination forecast for 2022.