Originations

The transaction formalizes the relationship started by a January investment in both companies by LLR Partners.

High mortgage rates and high prices are starting to slow down the market. Still, tight inventory is keeping values high.

The median prices for the most sought-after metro areas were on average $128,000 lower than in the city the buyer was leaving, Freddie Mac's study of Loan Product Advisor data found.

Also: UWM offers deep discounts, no fix in Congress for flood insurance program, home flipping profits decline

UpEquity reportedly saw its growth projections decimated by the cooling refinance market and terminated positions in anticipation of a tepid fundraising environment.

For the 10th consecutive week, the brokerage’s Demand Index declined, this time by the largest share in over two years.

The new product is an extension of its FraudGuard offering for the first lien mortgage market.

This latest campaign comes as application volume is down by 53% from a year ago, while mortgage rates are 2.59 percentage points higher since the start of 2022.

Plummeting returns add to indications that investors may become more selective in home purchases.

Recent remarks from Federal Reserve Chair Powell suggest more upward movement is ahead.

New home equity conversion mortgage endorsements slowed in April, but remained almost 50% higher than the level from one year ago.

But total volume is still 53% below last year’s level, while Fannie Mae found the dollar value of refinances down by over 70%.

Depreciation risk in parts of New Jersey, Illinois and California is growing, according to a first quarter analysis by Attom Data Solutions.

The conflicting analyses of automated valuation models highlight a challenge lenders could face in deciding whether to use them to determine racial disparities in home evaluations.

Many cities with higher shares of list price drops also appeared on a list of the most overvalued areas in the country.

While compliance specialists will be in demand, loan producers will see their roles change to encompass responsibilities that include more marketing and client development.

The mortgage REIT announced its name change in conjunction with the internalization of management activities.

But even with bidding wars on the decline and inventory increasing, listing prices continue to creep up.

Non-depository institutions originated an even greater share of all home loans compared to the year before, according to the Federal Financial Examination Council’s latest analysis of Home Mortgage Disclosure Act data.

If it works as intended, by calming inflation, it will help to keep mortgage rates low in the long-term.