Underwriting

Mortgage rates continued their climb, with the 30-year reaching its highest level since April 2014, after the Federal Reserve increased its benchmark lending rate.

Refinance activity in November was even compared with the prior month, though the data suggested that the market is prepping for higher rates to cut into this segment, according to Ellie Mae.

Sales of previously owned U.S. homes unexpectedly increased in November to the strongest level since early 2007, ahead of a jump in borrowing costs, National Association of Realtors data showed.

Loans originated in the third quarter were among the highest in credit quality since 2000, according to CoreLogic.

While depository mortgage lenders should exercise some caution before welcoming trended data and alternative credit scoring into their process, they must become inclusive or face losing market share to newer industry players like SoFi.

A regulatory 2017 scorecard for Fannie Mae and Freddie Mac calls on the firms to transfer a significant portion of credit risk to third-party private investors on at least 90% of unpaid principal balance of newly acquired single-family mortgages.

BOK Financial will take a roughly $17 million earnings hit due to a change in the fair value of its mortgage servicing rights and a corresponding hedge.

Mortgage application volume decreased 4% from one week earlier as interest rates on 30-year loans continued to rise, according to the Mortgage Bankers Association.

SoFi Lending Corp.'s securitization of its student loan refis for high net worth individuals is now a model for its recent expansion into super prime jumbo mortgages.

Many consumers without traditional credit scores have nearly identical risk profiles to those who can be assessed the conventional way, representing an untapped market, according to a report by VantageScore.