Originations

Refinance numbers declined for the seventh time in eight weeks, leading to an overall weekly decrease.

The transaction takes depository-focused nCino into the independent mortgage banking side of the lending business.

Despite elevated prices and supply-chain bottlenecks, October application activity was up for the second time in three months and pushed the average loan size to a record high.

A pilot conducted with a handful of independent financial advisors has transitioned to a full roll-out, with the lender offering a discount of up to $5,000 to potential borrowers through the broker-dealer.

The company was able to generate a relatively higher margin than the previous quarter, in contrast to broader industry trends, bringing its bottom line back into the black.

Even though one aspect of these lending standards is becoming more flexible, some say they still don’t always meet the needs of borrowers like delivery workers employed on a contract basis.

The company’s servicing operations also reported a quarterly profit, with its portfolio increasing by 20% annually.

The weekly gain was the largest since July, but overall activity still remains close to early 2020 lows.

Nearly half of the company’s revenue comes from sources outside of the traditional home lending market, CEO Patricia Cook told analysts during the company’s earnings call.

The Federal Housing Administration’s changes seek to bring guidelines for specialized Title I programs in line with current borrower and market needs.

However, it remains 30% tighter than pre-pandemic levels, according to the Mortgage Bankers Association.

The wholesale lender's net income of nearly $330 million factored in a $170.5 million hit from a reduction in its mortgage servicing rights fair value.

Acting FHFA Director Sandra Thompson's decision to act immediately rather than taking the time to examine the impact likely harmed private-label securitizations in the short term, but issuance is still on course for a record year.

The two fintechs look to streamline document capture and credit decisioning for lenders.

More aggressive pursuit of government-related agencies’ affordable housing mission is expanding product availability, but government intervention can be a double-edged sword.

All six companies, however, remained highly profitable, as the delinquency and forbearance outlook is favorable for the possibility of rising claims payments.

Sue Barber takes over the position after leading its Northeast division.

Plans to taper rate stimulus could further dampen industry employment, depending on the extent to which decreased volume is offset by staffing needs driven by the shift to work-intensive purchase loans.

While the company produced $88 billion during the period, it had a major margin squeeze in its TPO Pro channel.

With its agreement to buy KS StateBank’s residential mortgage operation, Kansas-based Armed Forces is going all in on home lending.