Originations

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.

U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in over a decade outside of the pandemic amid elevated mortgage rates and high construction costs.

The two companies will bring close to 60 new employees to the Philadelphia-based lender.

The share of single-family constructions located in homeowner's associations grew to over 67% in 2020, according to the National Association of Home Builders.

Baby boomers downsizing, millennials entering their prime homebuying years and Gen Zers going for luxe rentals in trendy cities are among the trends to watch.

Back in 2018, Trump Administration officials attempted to have the case dismissed but the federal court system rejected its petitions.

The restrictions may be of interest to mortgage lenders who look to right-size by having more people multitask.

The plunge in mortgage volumes 2021 highs led to reduced business for insurers, while growing acceptance of attorney-opinion letters pose a greater competitive threat.

This was the fifth week in a row the Freddie Mac Primary Mortgage Market Survey reported a decline in the 30-year rate after peaking at 7.08%.

Jan Davis has been named acting president of the technology standards organization as the Mortgage Bankers Association conducts a search for a permanent replacement.

Average loan amounts also increased, with mean purchase sizes crossing back above the $400,000 mark.