Originations

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.

The mortgage company had experimented with a piggyback product just before the pandemic disrupted the market, and it’s bringing the second-lien portion back as a standalone offering.

These transactions look to add territories or products to counter the effects of origination activity contracting.

The latest Federal Reserve move to combat inflation led to a weekly increase of more than 50 basis points.

The all-stock deal follows a boom in demand for interim financing on purchases, which HomeLight had been looking to offer on a larger scale.

Lumber prices have wavered, but gypsum, steel and transportation were still on the rise in the past month, according to a National Association of Home Builders analysis.

The government-sponsored enterprises' new Refinance Application Level Index pulls Desktop Underwriter data in order to give lenders and mortgage-backed securities investors insight into prepayment trends.

Smaller average purchase-loan sizes, which contracted by almost 2%, point to potential signs of diminishing enthusiasm among homebuyers.

The bank in a new filing claims some litigants didn’t apply for the refinances at the center of the complaint.

Direct-to-consumer may not fare as well going forward if a purchase market prevails, and some cross-pollination between depositories and nonbanks could occur.

Banks and non-banks can identify home sales from both current borrowers and prospective buyers who have previously applied for loans, and can find home equity line of credit candidates.