Originations

The Purchase Applications Payment Index was 8.3% higher in February compared with January and 22% over the same month in 2021, the Mortgage Bankers Association found.

Averages rose sharply across the board, as investors focus on the central bank's response to ongoing economic and geopolitical developments.

Dollar losses from business email compromise attacks, many of which target real estate transactions, grew to $2.4 billion last year from $1.8 billion in 2020, a Federal Bureau of Investigations report found.

Refinance applications came in 54% lower than a year ago, but average loan sizes accelerated, with the purchase amount setting another record.

But since every customer’s case is different, it is hard to quantify how large a boost borrowers might get by not having this information on file.

The company founded by former Zillow executives added jumbo loans in January and hinted at additional product offerings in the near future.

Production costs reached a high as secondary-market loan sale margins continued to decline.

The class action complaint comes after U.S. senators called on regulators to investigate the bank’s alleged treatment of minority homeowners.

Leaders with the top-ranked lenders discuss strategies for keeping their employees engaged as the industry adjusts to rapid changes.

Shrinking inventory of homes for sale and higher demand motivated by rising mortgage rates spurred buyers into action, the company found.

The Soquel, California mortgage broker will retain its current branding for the time being.

The effect is likely to be felt in consumer debt burdens and application misrepresentations, industry leaders say.

The company claims its digital registry system is a faster, safer alternative to MERS databases

The creation of single- and multifamily inventory occurred at the fastest pace seen since 2006 in February, but housing market transactions slowed as rates rose.

As the rising rates shrink the number of potential customers, mortgage brokers are seeking these products in order to keep business up.

Purchases increased, but refinance activity cooled again due to rising rates.

An increase in loan-limit size and the rapid growth of home equity fueled interest in reverse mortgages in January.

An investor alleged the independent mortgage bank failed to disclose the revenue hit from a refinance dip at the time of its initial public offering.

Executives speak on the uncertainty created by the Russia-Ukraine war and Federal Reserve announcements.

These are the first partnerships the Encompass software creator has made with outside providers and more such integrations are expected, company leadership said.