Originations

These associations contribute some relatively affordable housing to a pricey market, but key mortgage stakeholders have tightened criteria in the wake of a building collapse that highlighted the sector's particular risks.

Servicing numbers propelled the REIT to the positive third-quarter result, while the company also announced it had acquired a stake in a commercial real estate investment firm.

The 60-person group, headed by Marc Wadman, originates loans in Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas.

High interest rates and affordability concerns continue to suppress purchase demand, though, leading overall numbers down again last week, the Mortgage Bankers Association reported.

Rocket Rewards is the latest marketing initiative from the mortgage giant following the introduction of home equity loans and a monthly payment reduction offer earlier this year.

The company, which evolved into a refinance-focused call center after a disastrous move into reverse mortgages, reportedly informed employees of the closure on Oct. 14.

That amount of consolidation would be a leap from the previous three-decade high of 33 in 2018, according to Stratmor.

The starter home is becoming a myth for many first-time home buyers in the Sacramento market.

Problems with the closing protection letter are the predominant cause of those errors, a FundingShield report determined.

Major efforts are underway to eliminate discriminatory practices in property valuations.

A former director of digital turned enterprise consultant offers a perspective on how things could have gone differently for the lender that recently exited the forward-mortgage business.

The closure of its nationwide retail business — which followed the shuttering of its consumer direct business in Q2 — pushed the Florida bank into a $1.4 million loss for the most recent quarter.

About half of the Texas-based lenders' offices are transitioning to American Pacific Mortgage, according to a source.

Just because regulators have not initiated any enforcement actions since 2014 doesn't mean they aren't watching.

New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.

But the static weekly data in the Freddie Mac survey does not accurately portray the volatility in the market in recent days.

However, of those that would choose face-to-face interaction, 40% want it to include a hybrid or fully digital process.

Ongoing weakness in housing markets and the economy has now driven purchase activity to its lowest level since 2015, while overall application numbers decreased for the 10th time in 11 weeks.