Originations

The wholesale lender introduced two new products to brokers and a $800 million debt offering to drum up cash.

The share of underwater mortgages also grew for the first time in almost two years during the third quarter, Corelogic found.

Total jobs and nonbank industry payrolls saw gains, but unemployment increased on a net basis too in what's been a volatile bond market.

The average cost for a loan seller to buy back a mortgage from Fannie Mae or Freddie Mac for defects is over $32,000, a study from Reggora and Stratmor found.

The 30-year fixed rate mortgage is at its lowest point since the end of October, but it is still relatively elevated at near 7%, Freddie Mac reported.

The credit rating agency believes that mortgage rates will decline in the year ahead, helping to spur lending activity.

Fading rates pushed home loan activity to its fourth consecutive week of gains.

Both companies have mortgage joint ventures with Rate, while @properties' attorney-driven title unit expands on Compass' existing agent-focused business.

Rocket Mortgage is also allowing customers to use automated valuation models in lieu of appraisal for loans up to $400,000.

Redfin data supports findings from this summer when a significant share of buyers said they would move on purchases only after the election.

Real estate investment trust United Development Funding IV is facing a Dec. 10 showdown with NexPoint and the $181 million deal could be a lifeline for management.

As 2025 approaches, some lenders are already scaling operations, hiring talent, and preparing for the next cycle, despite ongoing market uncertainty, write leaders from Pennymac.

For the second time in the past three weeks, the 30-year fixed mortgage moved lower, but investors want clarity about U.S. economic policy, Freddie Mac said.

Pending sales indexes increased in all four U.S. regions, led by a 4.7% increase in the Northeast to the highest level since early last year.

Despite the latest pick-up in volume, stubbornly elevated interest rates led both the Mortgage Bankers Association and Fannie Mae to recently adjust 2024 and 2025 forecasts lower.

Expanded data shows home prices rose over 5% annually at the end of the third quarter, prompting the FHFA to boost mortgage loan limits accordingly.

The median monthly payment amount for new purchases moved higher for the first time in six months, according to the Mortgage Bankers Association.

The three credit repositories are just as responsible as FICO for the third price increase in three years, the group representing credit report resellers argues.

Those who don't retain MSRs or have a buyer agreement accommodating a recapture strategy will face challenges, one panelist warned at an industry meeting.

The Department of Justice suggested that new buyer broker agreements resulting from a National Association of Realtors settlement may violate antitrust laws.