Underwriting

Higher rates are also affecting the share of loans that actually go all the way to closing, Black Knight found.

The move aims to help workers who experienced interruptions in employment due to the public health emergency qualify for Federal Housing Administration-insured mortgages.

The 18.5% increase in Fannie Mae's and Freddie Mac's purchase authority was the driver of a 41% decrease in higher balance originations between December and January.

The regulator's mortgage translations website offers the Supplemental Consumer Information Form in the six most-spoken languages in the U.S.

The former lender’s abrupt closure Wednesday and First Guaranty’s recent bankruptcy filing highlight difficulties in the current mortgage environment despite nonbanks being on stronger financial footing than their counterparts of 14 and 24 years ago.

Capital adequacy at the four largest underwriters remained strong at the end of 2021 even with a slight decline from the prior year, Fitch Ratings said.

Climate change is increasing the frequency of wildfires, hurricanes and severe winter storms; yet in areas most vulnerable to them, property value growth exceeds the national average, a new report finds.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

This latest campaign comes as application volume is down by 53% from a year ago, while mortgage rates are 2.59 percentage points higher since the start of 2022.

The rate was 30 basis points higher compared with 2019 due to the record level of mortgage origination during the pandemic, according to Aces Quality Management.