Originations

The REIT is planning its own stock sale to pay for the all-cash purchase from Lone Star Funds.

But the percentage of weekly applications in that category was closer to 60%, the Mortgage Bankers Association found.

There’s a 20 percentage-point gap between Black and white consumers who have the income necessary to qualify for a mortgage on a new median-priced home.

However, companies were largely unable to use that cash infusion to make investments that lower their costs, since they had to pay out more in compensation.

A loan officer logging a billion-dollar volume topped the ranking for the first time in the 23-year history of the survey.

During a record-breaking year for lending, these loan officers brought in the highest volumes of the 400 on the list.

With independent title companies scoring the largest market share gain last year, the sector saw a 22% increase in premiums overall, the American Land Title Association said.

Nonbanks claimed more of the top slots based on loan volume, while the origination gains experienced by Hispanic, Black and Native American borrowers were weaker than those of other groups.

The shift ended a long run of higher rates that have depressed loan application activity, and it temporarily creates a new refinancing incentive for some borrowers.

Mortgage rates that are rising in tandem with a recovering economy dampened borrower activity, even with prime homebuying season underway.