Underwriting

Mortgage rates fell slightly across the board after the release of the Republican Party tax plan and the nomination of a new Federal Reserve chairman.

A slight decrease in the number of jumbo investor offerings contributed to lower consecutive-month credit availability in October, according to the Mortgage Bankers Association.

Lenders selling loans through Freddie Mac's system experienced access difficulties Monday afternoon, when the government-sponsored enterprise sent out an alert to lenders about the problem.

Mortgage rates were unchanged or up slightly this week even as the 10-year Treasury yield retreated from its recent gains, according to Freddie Mac.

A joint venture between loanDepot and OfferPad will broker loans for consumers who need financing to bridge gaps between the sale of one property and the purchase of another.

Recent home buyers found it easier getting a mortgage compared with last year's purchasers, but first-timers are being held back by a lack of inventory and student debt, according to a National Association of Realtors survey.

Mortgage rates reached their highest level since July and are closing in on 4%, according to Freddie Mac.

Radian Group reported third-quarter net income of $65 million after taking $57.8 million in pretax charges — $12 million of which is related to the Clayton Holdings restructuring.

Most secondary market outlets, along with the non-qualified mortgage lenders, remain reluctant to lend to legal cannabis workers because of the source and nature of their compensation, but opportunities are beginning to emerge.

Mortgage applications decreased 4.6% from one week earlier because of higher rates for conforming and government loans, according to the Mortgage Bankers Association.