Originations

Even though senior home values are still near the all-time high, other data shows fewer are turning to reverse mortgages to ease a potential financial crunch.

A surge in overall employment added to upward pressure on the 10-year Treasury yield, likely making the industry think twice about its cautious payroll growth.

Mortgage lenders increased their offerings of adjustable-rate and cash-out refinance loans in December as rates rose, the Mortgage Bankers Association said.

The 30-year fixed rate mortgage continues to close on the 7% mark. With political uncertainty and the U.S. economy remaining strong, it could keep going up.

Metros with more jobs for every new home permitted ranked highly on the list, while average home prices were a smaller factor.

The real estate investment trust also announced changes to its Sequoia correspondent platform as it seeks to elevate the unit's branding in 2025.

Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt.

Purchase and refinance activity declined last week as buyers shied away from the market over the holidays.

The acquisition adds proprietary mortgage-origination software to the company's loan operating system, now called LowerOS.

Slowing home price appreciation caused Milliman's mortgage default index to increase from quarter to quarter.

A year that saw businesses express growing interest in the segment ended with a more subdued outlook due to interest rate trends, according to a new report.

The share of waivers submitted with purchase mortgages sold to the government-sponsored enterprises accelerated just prior to a change that will make more loans eligible.

Keefe, Bruyette & Woods expects a better year for originations than either Fannie Mae or the Mortgage Bankers Association, although volume will remain below the norm.

The Freddie Mac mortgage rate tracker on Thursday morning showed the conforming 30-year fixed rate mortgage creep closer to the 7% level last seen in May.

Refinance demand fell precipitously as average contract interest-rates for most loans rose in the two-week leadup to Christmas.

Even as annual home value growth levels out and the pace slows, prices are still rising and reached new records in October, two separate tracking measures disclosed.

Rithm Capital has been teasing an initial public offering of the mortgage banker for some time, and 2025 is likely to be the year, Keefe, Bruyette & Woods said.

Pending home sales during November were led by a 5.2% monthly increase in the South, with smaller advances in the West and Midwest, the National Association of Realtors said.

Loan officers say the main reasons real estate partnerships fall through are poor communication and mismatched expectations.

Mortgage rates have run higher since the most recent Federal Reserve meeting as consumer spending points to economic strength.