Originations

The government-sponsored enterprise will now accept a written opinion from an attorney in lieu of a policy for some transactions.

Originators offered fewer high loan-to-value and lower credit-score products, but jumbo offerings increased for the 10th time in 12 months, the Mortgage Bankers Association said.

Further upward pressure is likely this spring, as markets prepare for expected reduction of bond purchases by the Fed.

While relatively few of these consumers have applied for mortgages recently, the findings point to an untapped market that lenders might be able to reach out to as refinancing dries up.

The misdemeanor plea deals for three co-defendants do not add to troubles for an upstate New York developer facing federal felony charges in what once was called a "wide-ranging mortgage fraud scheme."

Decreasing affordability and remote work is spurring interest in moving to these often overlooked markets.

But experts continue to downplay the extent of the risk of a housing bubble.

Refinances now also make up less than 40% of new applications, with numbers at their lowest since 2019, according to the Mortgage Bankers Association.

XBTO intends to serve buyers in the surging Florida market with purchases of properties worth $1 million or more.

With rising costs and few houses for sale, millennials and Gen Z are increasingly willing to purchase at auction, a ServiceLink survey found.

The property owner obtained bogus loans on a portfolio spanning 2,500 apartments across more than 70 multifamily properties, prosecutors said.

The move could help expand the use of a program intended to aid underserved renters.

The bank’s grant programs include providing funding to increase housing developer diversity and for counseling services.

Monthly growth for home equity conversion mortgages was observed across the country, with the Eastern U.S. seeing a significant uptick.

The real estate franchisor's stock price fell by $16.85 per share since the deal was announced in January, making it a less attractive currency.

But the share of homes purchased by those under age 30 has fallen steadily after peaking in 2020 as prices accelerated.

Following steep quarterly and annual losses, executives were optimistic that new revenue estimates are achievable in a rising interest rate environment, especially as customers transition to the Blend Title platform from Title365.

Broader hiring remained relatively strong and unemployment fell to a pandemic low during March, but a yield curve inversion — which can signal a recession — is concerning some.