Originations

Recent rate movements have failed to result in significant purchase growth, but refinances are providing lenders some lift.

Nonbank mortgage users signing up for the new CFPB registry will be able to leverage the Nationwide Mortgage Licensing System but new guidance lays out some of the limits to the efficiencies.

While lower rates have piqued borrower interest, most are waiting for some key events to pass before buying or refinancing, originators said.

Real estate agents and loan officers from post-Soviet states say the war has altered relationships between one another and made dialogue with some clients strained.

Purchases managed a small rise, but refinance activity held steady, according to the Mortgage Bankers Association.

The scam involves unlicensed lenders offering phony warehouse lines of credit that have led to monetary losses in the thousands and the compromise of confidential borrower information.

About 85% of U.S. homeowners have interest rates below 6%, while a little over 50% of homeowners have a rate below 4%, Redfin's report said.

While listings are ticking up, house hunters are still struggling to find affordable properties. But thanks to high mortgage rates, there aren't enough buyers in the market to create the level of competition that would drive prices up more significantly.

The company will fund the discount across the first two years through a special escrow account.

The firm's Buy Before You Sell product for lenders has tapped over $655 million in homeowner equity in the past 18 months.