Originations

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.

But the latest employment report also reveals that if construction hiring remains sufficiently strong, home purchase originations are on track to grow to $1.7 trillion from $1.6 trillion next year.

Besides making the deduction permanent, the bill doubles the income threshold for those eligible to claim it.

Treasuries plunged following news of the omicron variant, but subsequently reversed course.

The news comes just a day after the company restructured its merger with Aurora Acquisition to put $750 million in cash on its balance sheet right away.

The agency must raise its upper and lower levels in tandem with the new conforming loan limits by law.

The new terms, which still value the New York-based mortgage lender at $6.9 billion, include a $750 billion convertible bridge note.

Purchase applications increased for the fourth consecutive week, with the average loan amount at its highest since February.

The increase that followed in the pandemic’s wake is subsiding, and migration patterns are shifting, according to Redfin.

Higher sales commissions helped to drive production costs to their second-highest level since the Mortgage Bankers Association started its survey in 2008.

Though unlikely to derail a hot housing market, another surge in COVID-19 cases could cloud the outlook for economic growth, analysts said.

With home improvement spending up, more mortgage bankers are building out teams to capture the market.

While most agree texting is essential, are more traditional methods, like direct mail, still necessary post-COVID?