Underwriting

Continuing a strong start to 2017, February mortgage applications for new home purchases grew 2.2% from a year ago.

Social Finance's online borrowers are defaulting at higher rates than underwriters for one of its bond deals had expected, the latest sign that an industry that hoped to upend banking is now getting tripped up by bad loans.

Mortgage credit availability went up yet again in February amidst an expansion in access to government loans.

Mortgage interest rates increased 11 basis points over the previous week, reaching their highest level so far in 2017, according to Freddie Mac.

Application activity increased 3.3% from one week earlier, even though mortgage interest rates rose on speculation the Federal Open Market Committee could act in March.

Caliber will also buy about $36 million of mortgage servicing rights in a deal that is expected to close at the end of March.

Angel Oak, a regular issuer of nonprime residential mortgage bonds, is marketing its first transaction with a credit rating.

Mortgage interest rates fell after four consecutive weeks of holding steady, according to Freddie Mac.

Soaring home prices have created market volatility that's making it difficult for appraisers to accurately pinpoint home values and putting mortgage approvals and home sales in jeopardy.

Simultaneous spikes in home prices and mortgage rates have put an unusual squeeze on borrowers' purchasing power and require lenders to be proactive about protecting their loan pipelines.