Originations

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.

The new futures contracts can be used to mitigate risk on both the origination pipeline and the mortgage servicing portfolio.

The company, which returned to the business at the end of 2016, is looking to be in all 50 states by the end of the year.

The 30-year average passed the 4.5% mark for the first time since January 2019 as the labor market tightened and prices rose.

Down payment assistance programs allow lenders to take concrete action to promote the Mortgage Bankers Association's "Home for All" initiative. Chrane details the issues to navigate in using them.

While the intensely competitive market has deterred some from looking for a place to move to, rising valuations allow for more funds to be accessed to pay for repairs.

But the sluggish pace of refinances brought down overall application numbers last week.

Consumers should be sharing in the benefits from this fiscal year’s expected earnings of $8.8 billion, said the CHLA's Scott Olson.

Nationally, prices jumped 19.2%, the fourth-biggest jump in data going back 35 years.

A majority of housing experts also believe first-time homeownership should hit 2019 levels again within four years; however, a substantial number don’t expect it this decade.

An analysis of Home Mortgage Disclosure Act data reveals that banks continue to trail nonbanks in volume and another reveals that despite some improvement, inequities in lending to minority groups persist.