Originations

First American’s Real House Price Index showed a record increase, reflecting both elevated home prices and fast-rising interest rates.

The bank didn’t disclose which specific employees, or how many, were impacted by the announcement.

With Digital Asset Registration Technologies, lenders can avoid duplication errors and riskier arrangements with multiple parties on the platform, its creators say.

In a new report, the Government Accountability Office issued a list of recommendations for the department’s Native American Direct Loan program, which has benefited less than a tenth of one percent of eligible U.S. borrowers in 10 years.

The lender and the home improvement retail chain will facilitate eligible borrowers paying for energy-efficient appliances using Federal Housing Administration loans.

Sales of previously owned U.S. homes fell in March to the lowest since June 2020 as historically low inventory paired with rising mortgage rates curbed purchases.

Moving towards bank-like capital standards for all independent mortgage banks that sell loans to Fannie Mae and Freddie Mac could limit consumer access to mortgage credit, writes Community Home Lenders Association executive director Scott Olson.

U.S. mortgage applications slid for a sixth straight week as mortgage rates climbed to a 12-year high, weighing on both home purchases and refinancing.

In the agreement, the bank denied allegations that it refused to issue a mortgage until one of the applicants returned to work from maternity leave.

Economists have largely slashed mortgage forecasts for 2022, but only the government-sponsored enterprise expects lower purchase volume for 2023, citing the likelihood of a downturn.