Underwriting

For the sixth consecutive month, more mortgage credit is available to consumers, but it still remains historically tight, the Mortgage Bankers Association said.

The increase, coming off of persistent low levels, did not counter the slow purchase market during the month, Optimal Blue found.

The Department of Housing and Urban Development has come out with updates to the standard and limited FHA 203(k) program that the mortgage industry welcomed.

The rate at which Gen Z is charting a new course by teaming up with people who aren't related or romantic partners is soaring as homeownership hurdles rise.

The company has enough liquidity to support its short-term real estate finance lending business without the additional funds.

Part of the proceeds will be used to pay down a credit facility, which is then being refinanced and the principal reduced.

But those in opposition are still giving the agency props for how it carried out the new product approval process for the first time.

The move allows Freddie Mac to start purchasing certain second lien mortgages, but establishes limits on how much volume it can do.

The increase in total home sales will be slower than prior projections and that should lead to less growth in purchase originations, Fannie Mae's June forecast said.

The overall critical defect rate trickled down to 1.53% in the fourth quarter of last year, according to Aces Quality Management.

Title insurers did nearly $3.4 billion in premiums during the first quarter, similar to 2023, even though mortgage dollar origination volume was up over 13%.

The Federal Housing Administration floated a mortgagee letter that increases a funding entity's responsibility for the actions of correspondents or brokers.

The agency is giving funds to 23 providers in 15 states and the District of Columbia.

The partnership between personal finance platform Esusu and the National Rental Home Council has several of the trade group's members delivering payment data. They say that has helped result in over 85,000 originations across lending segments.

Lenders need to look at both data and algorithms to avoid inadvertent redlining complaints, not just in decision making but customer contact too.

The position had been occupied by Scott Smith on an interim basis following Black Knight's sale of the company to Constellation Software.

The assumption process is highly manual and time consuming and the change from Dark Matter enables lenders to pull data from MSP back into the Empower system.

If approved by the Federal Housing Finance Agency, the program will not lead to large amounts of home equity being extracted, nor is it mission creep, wrote Keefe, Bruyette & Woods analyst Bose George.

A pair of recently created consulting firms seek to shift lender thinking to make compliance a front-of-mind target, not merely a cost center.

But some of the financial damage lenders have on mortgage originations comes from their own disclosure errors, Intercontinental Exchange added.