Originations

With fun downtowns, outdoor recreation, and lesser-known food scenes, these cities offer great options for anyone on the hunt for their first home.

Federal trigger lead bans will change borrower monitoring overnight. Lenders who act now on consent, predictive alerts, and clean data can protect their pipelines and gain an edge in a quieter market.

Borrowers also showed a higher tendency to tap into home equity, with related originations rising at the fastest rate in three years, Transunion said.

The 30-year fixed rate mortgage fell by 5 basis points, with the Consumer Price Index showing muted inflation and jobs data still influencing the market.

Delinquencies within the segment eased from the first quarter to the second, but prepayments increased, Morningstar DBRS reported.

While private mortgage insurance still has a larger share of business than the Federal Housing Administration, the gap will continue to narrow through 2027.

The contract rate on a 30-year mortgage declined 10 basis points to 6.67% in the week ended Aug. 8, according to Mortgage Bankers Association data released Wednesday.

July's growth in products correspond with a noticeable rise in new applications for adjustable-rate mortgages as borrowers respond to recent rate movements.

New insurance written at the six private mortgage insurers increased by only 2% year-over-year, a sign of the sluggish home sales market at the low end.

Centerbridge Partners' acquisition of MeridianLink comes amid sluggish originations but rising demand for AI tools.

Second quarter earnings at the nation's largest title underwriters, while mostly positive, were still affected by the rather weak purchase season this year.

A government-sponsored enterprise and companies that sell them are making modern houses more affordable in line with larger public and private market trends.

Blend Labs had 23 new or expanded relationships in the fiscal period, double that of the first quarter, including 18 related to consumer banking or home equity.

The shake-up comes as the company posted its third straight quarter of losses and seeks to develop new technologies and partnerships while putting behind its tumultuous recent past.

Both originations and servicing segments contributed to the second-quarter's positive numbers, with production up by over 14% year over year.

The suit accuses Wells Fargo of digital redlining via its proprietary underwriting system from 2018 to 2022.

July's surprising jobs report helped drive Treasury yields and corresponding rates lower, opening up a window of opportunity for borrowers to capitalize.

In the second quarter, the nation's largest originator funded $39.7 billion in mortgages, including $27.3 billion in purchase loans.

From warehouse offerings from a subservicer to a development willing to take crypto for purchases, these firms are looking to fill holes in the market.

MBA urges GSEs to drop tri-merge credit rule, calling it outdated and costly as FHFA weighs broader credit reporting and scoring reforms.