Originations

Mortgage experts generally expect the switch to open up lending and potentially improve the predictability of loan performance — but some are worried about potential costs.

In the first two quarters of the year, the channel's lenders lost an average of 35 basis points for each origination.

 Lenders can utilize blockchain technology to originate fully digital, tokenized mortgage assets on the chain. How does it work, and how can mortgage companies benefit from integrating with this technology?

The regulator believes this transparency into the Uniform Appraisal Dataset records will help combat valuation bias.

The Fed's interest rate hikes are meant to tame inflation, but the secondary impacts on housing could give the central bank a reason to pump the brakes.

The new automation, which processes information on tens of thousands of projects, is designed to be useful to lenders financing single family units.

However, Julia Gordon is now on the record saying that the agency is actively analyzing whether or not to do so, and it's considering the potential magnitude and composition of a reduction.

The agency expects one in five borrowers to be eligible for the new pricing benefits.

The mortgage market is reeling from the central bank's strategy of raising rates and reducing its holdings of mortgage-backed securities. Lenders face the worst headwinds in more than a decade.

The industry is only about a third of the way to where it needs to be, an analyst from the Mortgage Bankers Association said at the trade group's conference Sunday.

The firm will turn its focus toward its commercial, home improvement and reverse lending platforms along with portfolio management and other lender services.

The mortgage subsidiary of PlainsCapital Bank also said it had reduced its headcount by 23% in the past year.

The transaction allows for portfolio defense as well as supporting Marlin's move into Ginnie Mae servicing.

But a cooling housing market opened up buying opportunities for some and helped drive the share of FHA-backed purchases upward for the first time in a year, according to new Attom research.

The companies formed a partnership in 2019, in which the lender would handle mortgage processing, underwriting and closing for the digital-only bank.

However, the benchmark 10-year Treasury has been above 4% on a sustained basis for most of the prior week, gaining 18 bps, an indication of future increases for home loans.

The Community Home Lenders of America's latest report finds that independent mortgage banks picked up the slack as many large banks abandoned mortgage lending or imposed credit overlays, two of its members say.

Close to 60,000 home-purchase agreements were canceled in September

Approximately two years after Fannie Mae and Freddie Mac stopped accepting the troubled index, the government agency is looking to approve the Structured Overnight Financing Rate for adjustable rate mortgages.

Higher interest rates are driving borrowers to adjustable-rate loans, which saw close to a 13% share in weekly activity, the highest since 2008.