Originations

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.

A new report from California shows that less-regulated mortgage lenders may be doing a better than banks of serving Black and Latino homebuyers. But consumer advocates say the data bolsters the case for tougher supervision of nonbanks.

Mortgage industry hiring and new job appointments for the week ending Nov. 27.

The year-over-year increase in monthly page views for properties hit a high for the year in large metropolitan areas as gains in rural locations decelerated.

Mortgage applications increased 3.9% from one week earlier as another week of record low rates drew more borrowers into the market, according to the Mortgage Bankers Association.

Consumer demand for larger properties is driving the market in an atypical year that featured a delayed selling season, the Mortgage Bankers Association said.

As mortgage rates stayed below 3% in the third quarter, originations spiked to the highest quarterly total since 2007 and highest dollar volume since 2005, according to Attom Data Solutions.

Company CEO Michael Nierenberg previously commented the real estate investment trust's parts could be worth more than the whole.

Mortgage industry hiring and new job appointments for the week ending Nov. 20.

To truly manage risk, banks must invest in more sophisticated modeling, reporting and analytics to track market movements and ultimately maximize profitability, Vice Capital Markets’ Christopher Bennett says.

Mortgage applications slipped 0.3% from one week earlier, as refinance volume, particularly for Federal Housing Administration and Veterans Affairs loans, shrank significantly, according to the Mortgage Bankers Association.

The remarks from the National Association of Realtors’ incoming president followed a vote by its board to ban “harassing or hate speech” within its code of conduct.