Originations

But a greater number still expect decreased margins for the fourth straight quarter, due to competitive pressures and shifting demands in purchases and refinances

Both government-sponsored enterprises approve more borrowers across the board than the broader market but the relative progress each has made differs across racial groups, numbers released Wednesday show.

Refinance and purchase applications both declined, while average loan sizes shrunk for the fifth consecutive week.

The changes could help one of the Biden administration’s affordable housing goals, which is aimed at making wealth-building through owner-occupied, 2- to 4-unit properties more attainable.

Improved capitalization and smaller balance sheets should help several weather the likely consolidation that is coming, Moody's said.

What that means for the industry outlook depends in part on how well the imbalance between supply and demand for homes sustains wavering gains in the housing market.

Price growth is moderating and properties are taking longer to sell — albeit by a modest three days.

The 30-year average has remained below 3% for two months.

The company's new name helps reflect the business lines it expanded into outside of fix-and-flip during the last few years.

Average loan sizes also grew, as continued demand for homes still outpaces inventory.

None of the leading areas ranked by investor share of sales were in the Golden State during 2020, in contrast to the state’s dominance on the list in the wake of the Great Recession.

Payments from PayPal, Venmo and Zelle add an extra wrinkle when dealing with bank statement loans.

Increasing COVID-19 numbers offset promising economic figures, resulting in minimal changes.

Purchases and refinance activity both edged higher, as loan sizes decreased, signaling opportunities may exist for first-time buyers.

Even as lenders increased purchase share, higher expenses and margin compression related to pricing competition led to smaller quarterly net gains.

Purchases of new single-family homes increased 1% to a 708,000 annualized pace following an upwardly revised 701,000 in June, government data showed Tuesday.

The company is divesting itself of another piece of Xome after previously peddling Title365 to Blend Labs.

However, the pace of growth at the six active underwriters should moderate over the next two years, Keefe, Bruyette & Woods said.

Refinancing, high home prices, the concentration of pandemic-related hardships in the FHA market, and the lingering impact of last year’s market disruption all likely played a role in the intensified discrepancy.

Meanwhile, investors await word from the central bank regarding monetary policy, as limited housing supply continues to drive prices upward.