Originations

The cooperative, which is managed by a subsidiary of Altisource Portfolio Solutions, is adding locations in line with a pilot program established earlier this year.

Decline was largely driven by a large dip in cash-out refinance locks.

The company previously announced it would also close its consumer-direct operations, which relied heavily on refinance activity.

Lenders pulled back on government-refinance programs and products for lower-credit score borrowers, pushing loan availability down for the seventh month in a row, the Mortgage Bankers Association said.

Moon Mortgage plans to start originating owner-occupied mortgages that are partially collateralized by cryptocurrency in three states in December.

Plans rolled out by a United Wholesale Mortgage and by Fannie Mae and Freddie Mac could cut costs, but the American Land Title Association warns that the tradeoff is less protection from certain risks.

Fannie Mae's sentiment index is at its lowest point since October 2011, as more consumers think prices will go down than those that expect them to rise.

The number of sellers discounting their original listing grew by over 83% year over year, according to HouseCanary.

The decline ended a six-week streak of increases, but given the latest moves in the 10-year Treasury yield, rates are likely to soon rise again.

In this session, NFM Lending's Chief Business Development Officer Greg Sher discusses its influencer unit and how it built an infrastructure for handling the tidal wave of engagement that results from a successful social media presence.

The Department of Housing and Urban Development is considering financial incentives for lenders and servicers working with FHA loans, and seeks industry input on the challenges involved.

In the face of a growing number in home-equity products, HECM endorsements dropped nationwide by over 43% on a monthly basis to its lowest point in more than two years.

Buyer interest waned as mortgage rates increased in the same month this year, CoreLogic found

The company said it will prepay two securitization facilities and terminate financial arrangements including at least two involving U.S. Bank.

Other offerings update the company's platform for hybrid and virtual closings, and allow borrowers to get an appraisal waiver pre-check before submitting a loan.

The tempering of growth is a result of mortgage rates jumping and inflation, a report found.

The rise in rates over the past six weeks pushed the borrower's monthly disbursement up $337, Redfin said.

But those looking for news about a possible reduction in the mortgage insurance premium are still waiting.

The 30-year fixed rate is now at levels last seen in the summer of 2007, according to data from Freddie Mac.

The recent spike in interest rates has also led to elevated ARM activity, which accounted for over 10% of all applications.