Originations

The Consumer Financial Protection Bureau has moved ahead with an earlier proposal to postpone the full adoption of the qualified-mortgage ability-to-repay rule, citing a need to maximize borrowers' credit access.

After a one-week reprieve, mortgage activity waned again with decreased demand for refinances and extremely low inventory for homebuyers.

The recent compression allays fears that lenders would have difficulty serving the needs of borrowers with time-sensitive purchase contracts during a peak season.

System updates, which may be a result of changes to the Preferred Stock Purchase Agreements, have Community Home Lenders Association members saying loans that were approved previously are getting rejected when put back through.

Despite falling from quarter to quarter, Flagstar’s mortgage revenues remained strong, while its servicing portfolio grew.

Building timelines are finally stable enough for nonbank American Financial Resources to return to the conventional market following the pandemic-related disruption, according to a company executive.

Given the Biden Administration’s regulatory emphasis on the disparate impact of mortgage lender activity on protected classes, originators need to carefully monitor their loan price concessions, according to industry speakers at the Mortgage Bankers Association's Spring Conference.

Although the company’s revenue and incomes spiked from year-ago levels, most benchmarks showed a decline from the fourth quarter.

Fannie Mae and Freddie Mac’s new limits on loans secured by investor properties and second homes may put pressure on applicants to misrepresent their occupancy status.

While purchase volume is seeing its usual seasonal pickup, lower rates caused a spike in activity among existing homeowners looking to refinance.

First quarter volume was up 3% among eight depositories that reported so far, compared with models that predicted industry-wide drops as large as 13%.

Long-term home-based operations are more likely than they were prior in March of last year, but some origination and servicing professionals will return to the office, a recent survey suggests.

A private equity capital raise earlier this year gave the company a $3.3 billion valuation.

The market appears to be undergoing a shift away from refinances and remote operations, but the top producers interviewed for this article don’t plan to abandon either any time soon.

The government sponsored enterprise’s latest forecast calls for a nearly $4 trillion year for 2021.

Gene Thompson goes to deciding what the company's next steps are, rather than implementing them.

And with demand far outweighing supply, the average new-home purchase loan ascended to another record high.

The loan officers who brought in the highest volumes last year offer their perspectives on social media, the GSEs, loan channels and more.

Their numbers suggest that the quarter’s home lending may be stronger than industry forecasts for a 6 to 13% decline.

The REIT is planning its own stock sale to pay for the all-cash purchase from Lone Star Funds.