Originations

Sales of new homes in the unexpectedly advanced for a fourth month in August to the highest level in almost 14 years as record-low mortgage rates continued to entice buyers into a market with ever-shrinking supply.

Mortgage rates experienced a marginal uptick this week, rising three basis points. But they remained near record lows and possibly soon could track down again, according to Freddie Mac.

A summer resurgence of home buying stretched into August, defying the pandemic to set record home prices and drive sales to a near two-year high, new housing figures show.

Wholesale's technological capabilities and its scalability have been increasingly attractive to lenders given the recent surge in volume.

Weeks after Rocket Cos. launched its own IPO, the wholesaler is merging with a special-purpose acquisition company in a deal that values it at over $16 billion.

Mortgage applications increased 6.8% from one week earlier as this summer's surprise purchase demand has carried over to the fall, according to the Mortgage Bankers Association.

Sales of new homes climbed in Houston and other large Texas markets in August, with September shaping up to be another strong month for sales for the homebuilding industry.

FHA Commissioner Dana Wade offered a preview of ambitions she has for the Federal Housing Administration at a virtual event held by Women in Housing and Finance on Tuesday.

As part of the revamp, Rocket’s referral network, technology and marketing tools will now be available to QLMS users, EVP Austin Neimeic told NMN.

But the group is more conservative than Fannie Mae when it comes to interest rate movements over the next six quarters.