Originations

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.

The government-sponsored enterprise is instituting this stopgap measure as it examines how it can mitigate the growing risk of disrepair in aging condos.

The increase stops just short of restoring what was effectively a cut to the annual limit for 2021 under the Trump administration.

Increased purchase activity countered a slowdown in refinance applications, which were impacted by rising rates.

StoicLane, Oaktree Capital Management, MFA Financial, family offices and individual strategic investors participated in the funding round.

Home buyers on the coasts paid the highest amount in fees, led by D.C. residents.

The higher dollar amounts could be a way for companies to drive volume at a time when rates are increasing.

The real estate franchisor will retain its full ownership in the title agency, escrow and settlement services business.

However, economic data points to likely future increases, with investors awaiting numbers from upcoming jobs report.

Other providers like DocMagic and SimpleNexus offer similar services to originators who have yet to adopt the technology in substantial numbers.

The purchase of home, mortgage and title assets for roughly $471 million in cash allows the buyer to expand into Houston, Dallas and San Antonio and increase its presence in Austin.