Originations

President Biden’s aspirations for aggressive forgiveness haven’t been fulfilled to date, but steps taken so far have lowered a key hurdle to entry-level homeownership.

The mortgage broker business was never a driving force for the Chicago-based firm's purchase of Stearns Lending, so dropping it wasn't totally unexpected.

The latest jobs and economic numbers pave the way for additional upward movement throughout 2022, analysts said.

The ruling overturns a summary judgment in a class action lawsuit filed by refinance customers between 2004 and 2009 in West Virginia over alleged inflated property values.

But the online real estate company is eliminating nearly half of the positions in its existing mortgage business as a result of the deal.

Increasing rates contributed to a sluggish pace for refinances, but the purchase market showed sustained strength.

December was the fifth month out of the last six in which credit conditions loosened, the Mortgage Bankers Association reported.

December's activity was down 18% from November, led by a 23% drop in purchase volume and a 17% decline in rate-and-term refinancings, Black Knight said.

Nearly half of likely buyers said they feel more urgency to act if the 30-year FRM reached 3.5%, a Redfin survey found.

Total U.S. jobs came in below consensus estimates in December, according to the Bureau of Labor Statistics.