Originations

Fannie Mae and Freddie Mac’s underserved markets plans usually cover a three-year period, but their terms have been shortened due to the pandemic.

When the Uniform Residential Loan Application transition deadline hits on March 1, a data set within Fannie Mae’s Desktop Underwriter Program, which many lenders have used for a host of functions, will no longer be supported and unprepared lenders could later experience disruption.

Mortgage applications decreased 4.2% over the final two weeks of 2020, but the strong demand for home buying throughout most of the year should continue, according to the Mortgage Bankers Association.

The transaction was led by existing investor Insight Partners, with TVC Capital as a minority partner.

The company had canceled its planned pricing of the deal at the end of October over stock market volatility.

From the CARES Act’s effects to the spate of nonbanks going public, these developments stand to shape how the playing field looks in 2021.

Mortgage industry hiring and new job appointments for the week ending Dec. 31.

Industry watchers make their wildest guesses (more or less) about developments in real estate finance that could rock the industry in the upcoming months.

Mortgage rates yet again have dropped to a record low, even as the yield on the benchmark 10-year Treasury flirts with breaking back above the 1% mark, according to Freddie Mac.

Mortgage industry hiring and new job appointments for the week ending Dec. 24.