Originations

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MBA urges GSEs to drop tri-merge credit rule, calling it outdated and costly as FHFA weighs broader credit reporting and scoring reforms.

The company also added a new marketing executive to drive growth, with current expansion coming after it also secured an origination purchase deal last month.

The mortgage numbers are a welcome boost to a market that has struggled to overcome high costs and prolonged economic uncertainty.

Prior to the earnings release, Finance of America announced it was buying out Blackstone's equity stake in the mortgage lender for $80 million.

Americans now hold $34.5T in home equity, fueling a surge in home equity loans as lenders race to capitalize on rising property values.

Volatility hiked MSR hedging costs and hurt origination margins. But net income to common shareholders almost matched that seen during the previous quarter.

Cassidy, whose experience is in multifamily, is currently HUD principal deputy assistant secretary, running the government insurer on an acting basis.

The legislation will prohibit credit companies from consumer's data to third-party lenders in what advocates say is a win for consumer privacy.

Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.

Even with a disappointing Spring home sales season, Rocket had higher purchase volume each month, and based on approval letters, expects a strong third quarter.

The company's mortgage segment is working alongside ICE Bonds to incorporate data and provide greater transparency in securities trading.