Originations

Activity is down 20% from one year ago, driven by a 65% falloff in rate and term refinancings, Black Knight said.

CFO Kevin Ryan will handle the day-to-day running of the company, as it works toward going public via its revised SPAC merger.

While qualifying got a little tougher for entry-level buyers with lower incomes in November, some other prospective borrowers had an easier time of it.

Now that the Department of Housing and Urban Development clarified that participating in these programs does not create a fair lending violation, lenders and fair housing advocates wonder whether more mortgage lenders will actually participate.

This group of homeowners has greater financial obligations than any generation before them and largely aren’t aware of how they can make use of their home as an asset, a survey from Hometap found.

The three leaders left voluntarily, sources confirmed.

An upturn in government-backed applications also led average loan sizes to decrease for the first time in over a month.

The monthly pace of increases have moderated since the spring, with CoreLogic expecting annual growth to decline to 2.5% by this time next year.

As the real estate finance industry transitions from the highs and lows of the COVID era into the new normal of 2022, industry standards will continue to play a key role in helping us solve ongoing business challenges, regardless of the market environment, writes the president of MISMO.

But rising rates and tightening affordability are slowing appreciation rates, Black Knight found in its latest Mortgage Monitor report.