Originations

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.

The partnership allows prospective borrowers to upload bank or payroll information and work with loan officers online through the signing process.

The decline was "widespread" impacting eight of the nine U.S. census divisions, according to the Federal Housing Finance Agency.

The Federal Housing Administration also announced it would incorporate similar borrower history into its underwriting beginning at the end of October.

The deal with American Mortgage Services Co. comes as originations continue to slow. However, lower valuations may be limiting current M&A activity, according to some experts.

Mortgage rate shock and increased choice continued to drive more than 15% of homebuyers to back out of deals in the latest month's numbers.

The four depositories with the highest volumes wrote more than sixty million dollars in loans combined in Q2.

These refinance transactions are being driven by the homeowner's need for cash, according to Black Knight

Both companies have rolled out tools that allow for communications to take place entirely in Spanish if the customer desires.

Inflation and recessionary concerns affected movements in the benchmark 10-year Treasury, itself at an 11-year peak, Freddie Mac said.

On the other hand, the economists from the UCLA Anderson Forecast claim the U.S. is not currently in a recession and that the chance of a recession in the next 12 months is less than 50%.