Originations

All major averages have risen to start 2022, with the 15-year surpassing the ARM.

December's average balance for a mortgage to purchase a newly constructed property set an all-time high, the Mortgage Bankers Association's Builder Application Survey found.

Influencer loan officers are aiming to reach the largest emerging group of homebuyers, one super-short video at a time.

Home valuation professionals have had mixed feelings about automation out of concern that some forms could result in less accurate assessments.

The new offering’s loan structure is designed to hedge against digital currency's price volatility.

Modest reductions were made to the 2021 and 2022 outlooks, although the government-sponsored enterprise did boost purchase expectations for this year.

But a surge in purchases led overall mortgage volumes to a weekly gain and pushed average loan size to a new record.

The settlement is a reminder that officials who oversee the loan officer licensing system do actively police the fulfillment of professional requirements by loan officers.

While the normal holiday season pattern contributed to the December drop-off, potential buyers also need to make offers on multiple properties before winning a home, Redfin said.

Average prices were up 15% compared to the same month in 2020.

President Biden’s aspirations for aggressive forgiveness haven’t been fulfilled to date, but steps taken so far have lowered a key hurdle to entry-level homeownership.

The mortgage broker business was never a driving force for the Chicago-based firm's purchase of Stearns Lending, so dropping it wasn't totally unexpected.

The latest jobs and economic numbers pave the way for additional upward movement throughout 2022, analysts said.

The ruling overturns a summary judgment in a class action lawsuit filed by refinance customers between 2004 and 2009 in West Virginia over alleged inflated property values.

But the online real estate company is eliminating nearly half of the positions in its existing mortgage business as a result of the deal.

Increasing rates contributed to a sluggish pace for refinances, but the purchase market showed sustained strength.

December was the fifth month out of the last six in which credit conditions loosened, the Mortgage Bankers Association reported.

December's activity was down 18% from November, led by a 23% drop in purchase volume and a 17% decline in rate-and-term refinancings, Black Knight said.

Nearly half of likely buyers said they feel more urgency to act if the 30-year FRM reached 3.5%, a Redfin survey found.

Total U.S. jobs came in below consensus estimates in December, according to the Bureau of Labor Statistics.