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The amount of income needed to make monthly mortgage payments are declining and approaching a key affordability benchmark, the National Association of Realtors found.
November 7 -
The post-election spike in the 10-year Treasury yield could translate to higher rates for the 30-year fixed rate mortgage in the short term.
November 7 -
United Wholesale Mortgage beat its own guidance on originations and gain on sale margins third quarter earninga, helped by an uptick in refinance volume due to lower rates in August and September.
November 7 -
The company plans to increase investments in its proprietary products as well as marketing initiatives with expectations of originations growth next year.
November 6 -
Value adjustments to Guild's MSRs totaled a loss of $145.8 million, the nonbanks third quarter earnings show.
November 6 -
Refinance applications fell by almost 50% in the past four weeks, part of a greater slide since the last Federal Reserve interest rate cut.
November 6 -
Loandepot rolled out Project North Star, an initiative designed to position the company as "the leading lending partner of choice for homeowners."
November 5 -
Over the next decade, the housing market will have excess demand of 25 million units even as the baby boomer generation ages and dies, the Mortgage Bankers Association said.
November 5 -
Low supply and production volumes, though, have left values competitive, with two segments in particular holding promise for favorable returns, a new report said.
November 5 -
The median age of a first-time buyer reached a record of 38 — about a decade older than in the 1980s.
November 4 -
The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.
November 1 -
Remax, the real estate brokerage and mortgage broker franchisor of Motto Mortgage, rebounded from a year ago loss in a tough news cycle for both its businesses.
November 1 -
For the eighth consecutive quarter, ICE Mortgage Technology lost money on a GAAP basis. Using a pro forma calculation involving Black Knight, operating income increased from a year ago.
October 31 -
The Federal Housing Administration wants to allow part-time underwriters to guarantee loans in its FHA Title II forward and HECM programs.
October 31 -
Mortgage rates rose for the fifth consecutive week, to their highest level since August, although they remain more than a full percentage point lower than one year ago.
October 31 -
The government-sponsored enterprise's single-family loan purchases hit a high for the year, but benefits in other areas were lower than in comparable periods.
October 31 -
Drey Roberts and his team move to de novo warehouse lender Primis Bank as former home Independent Bank makes a strategic exit.
October 30 -
Eighty percent of respondents say their current mortgage payment is putting a strain on their personal finances, per a Transunion survey.
October 30 -
The government-sponsored enterprise reported its best quarter of the year in terms of net income as well as single family business acquired as rates fell to 6.08%.
October 30 -
Despite the increase, the index level remains historically low, going back more than two decades as many prospective buyers still await a decline in mortgage rates.
October 30



















