Originations

Button Finance intends to use the capital to develop its underwriting platform and increase hiring.

Secretary Marcia Fudge’s statement has implications for other tribal nations in Oklahoma and may be watched closely by other government officials, housing and civil rights advocacy groups.

The Series B investment round for the power buyer comes at a time when all-cash purchases account for almost a quarter of the market.

Seasonal patterns are also playing a part in the slowdown in buyer demand, the company said.

Several housing groups wrote a letter calling for “substantially improved written proposals” for the period starting in 2022, and support for chattel manufactured-home loans.

The median selling price of an existing house rose 13.3% in September from a year ago, the smallest annual price increase since the end of 2020.

The 30-year average stayed above 3% for the second straight seven-day period, with improved retail sales data helping drive the uptick.

The two fintechs’ venture looks to solve the long-standing problem of connectivity as the barrier to full lending digitization.

The deal is the investment company’s second since it launched on Sept. 28.

The changes include a relationship tracking engine that details interactions between real estate agents and mortgage brokers.

The heightened level of refinancing seen earlier this year cooled further, with applications declining for the fourth straight week.

A lack of awareness about assistance programs and apprehension hold back many consumers who could otherwise afford to buy a home, according to a new survey.

Gain on sale has dipped 130 basis points per loan since the third quarter last year, but over the same period, per loan expense is up by $1,216.

CEO Michael DeVito told attendees at the Mortgage Bankers Association’s annual convention in San Diego that the move is among the types of “cash-flow underwriting” updates the government-sponsored enterprise is considering.

Changes in the Fed, including the replacement of Jay Powell as chairman, might shift the board back to a dovish economic position.

The multichannel lender plans to expand its footprint in the non-agency market as a result of the majority shareholder investment in the company changing hands.

The transaction fills in gaps in each company's capabilities for serving their customers, monetizing data for SimpleNexus, and mobile capabilities for LBA Ware.

The system is being rolled out to Motto Mortgage franchisees first and then to the broader mortgage broker market in January.

Inflation, supply chain issues and labor shortages will lead to a tightening by the Fed sooner rather than later.

Earnings are up from the second quarter, but originations slip at Wells Fargo and Citi.