Originations

The white-label solution aims to provide neobanks and those in property sales with an entry into housing finance, while giving existing lenders a way to introduce new products and channels.

The acting head of the Federal Housing Finance Agency will become the first African American woman to lead the agency as a result of the vote Wednesday.

The wholesale product has a $2.5 million limit, is indexed to SOFR and meets the qualified mortgage requirements.

While the purchase index registered a tiny uptick, activity has fallen to nearly the same level seen during the first months of the pandemic shutdown.

Mortgage Cadence, the No. 3 loan origination system provider, believes it will pick up market share among nonbanks if the deal between the two heavyweight entities goes through.

First quarter gain-on-sale at nine originators tracked by Keefe, Bruyette & Woods averaged 149 basis points, much higher than the 5 bps recorded for independent mortgage bankers tracked by the MBA.

The generation usually targets starter homes in these cities, which are often listed among the nation’s trendiest.

This second group of terminations will take place in June and July, according to nine separate notifications filed in California.

Without sustained price relief, a downturn is possible for later this year, rather than in the second half of 2023.

Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.