Originations

Several Sun Belt cities popular for relocation over the last two years were among markets with the most reduced listing prices in April.

Mortgage companies selling loans to the government-sponsored enterprise will be able to use the information for one type of employment check as well as to validate income and assets.

The number dropped 3.9% from a month earlier to 99.3, according to data released Thursday.

Terminated consultants told a news outlet they received mixed messages on bank policy while committing the conduct in question.

The numbers illustrate how quickly housing costs are increasing and the price buyers might pay if they wait to finance.

The 30-year average decreased for the second week in a row but still is almost 2% higher than its year-end 2021 level.

The initial roll-out is in Arizona, Colorado and Florida, but the company plans to offer the capabilities nationwide over the next 24 months.

Non-depositories historically haven't been big originators of home equity lines of credit, but fintechs that offer the easily automated countercyclical products are reporting growth.

The white-label solution aims to provide neobanks and those in property sales with an entry into housing finance, while giving existing lenders a way to introduce new products and channels.

The acting head of the Federal Housing Finance Agency will become the first African American woman to lead the agency as a result of the vote Wednesday.

The wholesale product has a $2.5 million limit, is indexed to SOFR and meets the qualified mortgage requirements.

While the purchase index registered a tiny uptick, activity has fallen to nearly the same level seen during the first months of the pandemic shutdown.

Mortgage Cadence, the No. 3 loan origination system provider, believes it will pick up market share among nonbanks if the deal between the two heavyweight entities goes through.

First quarter gain-on-sale at nine originators tracked by Keefe, Bruyette & Woods averaged 149 basis points, much higher than the 5 bps recorded for independent mortgage bankers tracked by the MBA.

The generation usually targets starter homes in these cities, which are often listed among the nation’s trendiest.

This second group of terminations will take place in June and July, according to nine separate notifications filed in California.

Without sustained price relief, a downturn is possible for later this year, rather than in the second half of 2023.

Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.

The ability to produce a cohesive, visible audit trail is “like nirvana” for lenders, ICE Mortgage Technology Vice President Christopher McEntee said.

While it might be relatively easier to buy a home in the city today, both types of communities are still experiencing high rates of appreciation, the company said.