Originations

The trade group's letter to FHFA Director Bill Pulte pointed out that lenders were facing credit report price hikes for four straight years.

New-home purchase activity rose 3.1% year over year, but dropped 7% from October, the Mortgage Bankers Association said.

Remote work helped fuel migration and erased the loss of rural residents that occurred in the decade prior to the arrival of Covid, Harvard researchers found.

The threshold regards loans where the annual percentage rate is at least 1.5 percentage points higher than the average prime offer rate on first liens.

The partnership also includes a $50 million equity investment in Finance of America, securing long-term alignment between the companies.

The Department of Housing and Urban Development announced the FHA-insured loan caps for low- and high-cost areas, which are set based on conforming loan limits.

ETHZilla partnered with Zippy to bring manufactured home chattel loans on-chain as tokenized real-world assets.

Approximately 70% of home purchasers do not get more than one quote in the mortgage process, doing so could reduce their rate by 50 basis points, Zillow said.

The lowest-priced properties purchased by investors typically left them in the red when sold, according to the latest home flipping report from Attom.

The investor markets already set mortgage rates to include the 25 basis point reduction the FOMC announced, and it is too early to see the longer-term effect.

Hartford, Connecticut, Rochester, New York, and Worcester, Massachusetts, headed the list of the 100 largest metro areas in the country, according to Realtor.com.

November rate locks fell seasonally but hit their strongest level since 2021, led by refis, while lenders shifted more loans to the GSE cash window.

Sen. Hassan sent letters to corporate owners of manufactured housing communities, looking for answers on affordability and living conditions for their residents.

An influx of adjustable-rate and cash-out refinance mortgage programs during the month pushed the Mortgage Credit Availability Index 0.7% higher in November.

New rules means sellers and servicers will need to have plans demonstrating proper oversight of their artificial intelligence and machine learning practices.

Refinance retention hit 28% last quarter, the highest percentage in three and a half years, according to ICE Mortgage Technology.

BTIG is waiting with "baited breath" for Fannie Mae and Freddie Mac to relist their common stocks, but if spreads widen, it could derail it from happening.

Manufactured housing could see eased lending rules if the defense bill removes the "permanent chassis" requirement, expanding FHA mortgage eligibility.

A recent Remax survey found 88% of respondents said they are "very" or "somewhat likely" to purchase a home next year.

The drop in mortgage rates as measured by Freddie Mac, came about even as the 10-year Treasury yield used to price loans moved higher since Thanksgiving.