Underwriting

Baby boomers made up the largest share of home purchasers in 2024, as the percentage of millennial buyers declined, the National Association of Realtors found.

This transaction, following Rocket's purchase of Redfin, could be the start of the creation of large players to compete with the likes of Zillow.

Mortgage lenders and vendors are waiving fees and enhancing program criteria, looking to reduce costs for borrowers and increase their business.

The typical homebuyer's monthly mortgage payment reached a record high, up 5.3% year-over-year, but consumers are putting more money down, adding to equity.

Nearly all respondents to the NextGen survey, Gen Z and millennial, said they want to achieve homeownership, but only about 60% considered it possible.

The new name Cotality, along with its latest tag line, reflects its role in serving and uniting the entire property ecosystem, company executives said.

While ending mandated consumer rights, lenders can still ask for a reconsideration of value on FHA loans; plus, fair lending laws still apply in these cases.

Companies are starting to leverage tools such as artificial intelligence and machine learning as part of the property valuation and review process.

After two consecutive quarters of profits, independent mortgage bankers lost money in the most recent period, for the ninth time in the last three years.

For the first time in almost two years, mortgage products available for consumers are at a level established in 2012.

The increase in refinance originations in the fourth quarter trickled down to the title insurers, which reported year-over-year gains in new orders.

As homeowners insurance becomes expensive and hard to find, mortgage loan officers should work closely with insurance agents, said Travis Hodges of Viu by Hub.

The new tool taps into Intercontinental Exchange's AllRegs database, which contains over a million pages of guidelines from various sources.

The private mortgage insurers reported just 5% less business versus the third quarter and 33% more new insurance written over the fourth quarter 2023.

Excess capacity remains in the mortgage origination cycle, and lenders need to cut costs and end the boom-and-bust hiring, Boston Consulting Group said.

The company, which became a depository in 2022, will be offering affordable housing products and initiatives in 45 states and the District of Columbia.

University Bancorp was to acquire a 50.5% stake in Blue Water, however the deal announced in July had yet close and Voxtur is starting a strategic review.

Mortgage applications for newly constructed homes continued to increase on a year-over-year basis, as existing home listings remain constrained.

Without admitting wrongdoing, Equifax agreed to pay $725,000 because of a three-week error which lowered credit scores for 77,000 New Yorkers.

The Federal Housing Administration mortgagee letter finalizes a draft put out for comment in November on the inclusion of rental payments from a boarder.