Originations

Excess capacity remains in the mortgage origination cycle, and lenders need to cut costs and end the boom-and-bust hiring, Boston Consulting Group said.

The company, which became a depository in 2022, will be offering affordable housing products and initiatives in 45 states and the District of Columbia.

Close to 88% of all homeowners reported staying in the same home year-over-year compared to 85.1% reported a decade ago, per U.S. Census data.

Nations Lending claims two former branch managers diverted business to CMG Financial before leaving to their new place of employment.

Mortgage rates declined by one basis point this week, not enough to change the equation to bring consumers back into the housing market, Freddie Mac said.

The former CEO of the Broker Action Coalition left that post after 10 months following that group's split from the Association of Independent Mortgage Experts.

Consumers seeking jumbo home loans last week encountered the same 7.02% average contract interest rate as 30-year confirming loan borrowers.

University Bancorp was to acquire a 50.5% stake in Blue Water, however the deal announced in July had yet close and Voxtur is starting a strategic review.

Nearly two-thirds of Americans said stubbornly high mortgage rates are keeping them from moving, so they are planning to fix up their homes, Angi found.

On an annual basis, home prices grew by 4.2% in November, FHFA's index found.