Originations

Set alight by the Fed’s low interest rates and bond purchases, the mortgage industry is on fire.

Mortgage industry hiring and new job appointments for the week ending Dec. 4.

The money lenders are making on each home loan hit another survey-record high in the third quarter, but it may not be quite as high going forward.

About 23% of borrowers under 30 got such a loan in October.

The company’s proprietary platform is aimed at helping borrowers apply for home loans in as little as 15 minutes by automating immediate validation of bank information used in qualification.

Mortgage applications decreased 0.6% on a seasonally adjusted basis from one week earlier as the period was truncated by the Thanksgiving holiday, according to the Mortgage Bankers Association.

Startups Home Lending Pal, RealKey and Stavvy will get access to experienced mentors and potential customers over three months as a part of the program.

As today’s borrowers are more tech-savvy than ever, it is critical for lenders to partner with a strong digital point-of-sale company, EXOS Technologies’ Mikhail Cook says.

Experts in the field predict how some aspects of the market will develop in the coming year.

The extension of the FHA’s willingness to conditionally endorse loans with suspended payments came amid a renewed push by public and private entities to spread awareness of the CARES Act option.