Underwriting

But its operating income missed estimates with servicing income and gain-on-sale margins coming in lower than expected.

Product availability for July remained at levels last seen in 2013 as rates briefly broke above the 7% mark during the month, the Mortgage Bankers Association said.

Radian and MGIC grabbed a larger portion of new insurance written during the period while maintaining pricing discipline.

Government lender Plaza Home Mortgage, non-owner occupied originator Constructive Capital are seeing success in the changing environment, helped by their respective business models.

But the senior housing portfolio is starting to show signs of significant stress, causing the multifamily sector's delinquency rate to rise by 200% year-over-year.

But the 25 percentage point quarter-to-quarter gain does not change the fact that existing homes for sale remain scarce, the TrustEngine report found.

But mortgage numbers remain historically very low and fall short of pre-pandemic levels, according to VantageScore's latest monthly report.

Renovations, already the leading use for these borrowings, increased their share to nearly two-thirds of the products' market, the Mortgage Bankers Association said.

The Mortgage Cadence's pipeline of potential customers has shifted from "niche players" to primarily nonbank lenders, Executive Vice President Joe Camerieri said.

Borrowers in the $1.4 billion Marcus portfolio could be mined for first-time home buyer leads, a BTIG report speculated.

Plaintiffs accuse the NAR and the multiple listing services of antitrust violations because of rules around shared broker compensation fees.

The company continues to retrench and refocus as it looks to become profitable from its original aims after it first became public in July 2021.

More than 50 percent of transactions analyzed were risk-prone, a report published by FundingShield found.

This generation is more capable of increasing homeownership rates than any others over the past several decades, argues dv01's head of research.

Its affiliation with Apollo Global Management frees the company from having to rely on a securitization strategy.

The newest participants in the blockchain-focused lender's private-label lending business are CMG Financial, CrossCountry Mortgage, Fairway Independent Mortgage and The Loan Store.

Ten Western states that benefited from a pandemic-driven boom reported value declines in May, CoreLogic said.

The new review requirements are set to go into effect in mid-September and will replace temporary guidance put in place following a 2021 building collapse.

The Home Loan banks are failing to serve huge numbers of Americans because of their reliance on outdated credit scoring models.