Underwriting

Mauro Guzzo, who operates in both the U.S. and Mexico, is looking to build an international financial brand.

The title insurer was the third of the big four companies to come to an agreement with New York Attorney General Letitia James in an ongoing investigation.

The primary cause is agency put-backs and fixing the problems is difficult in a rising rate environment.

Government-sponsored originations accounted for over half the share of transactions found with "critical" flaws, according to Aces Quality Management.

The government-sponsored enterprise took the next step towards allowing lenders to implement its property valuation modernization plans.

Even with the government-sponsored enterprise's statement that full appraisals are no longer required to prove value, industry participants say they will remain a tool for lenders to use when needed.

A likely recession will only further the six active players' conservatism in their capital strategies, Fitch Ratings said.

The business is heavily reliant on mortgage originations and some participants are turning to other sources of income to bolster results.

Weaker economic conditions, rising interest rates and expected changes in investment returns drove the reduced expectations, the Mortgage Bankers Association said.

But with rates turning back up this past week, activity could fall in February, Black Knight Optimal Blue said.

More than half of borrowers paid 0.5 points or more to cut their interest rate for the life of the loan, while just 3% chose the short-term option, Black Knight said.

In just the first few weeks of the year at least 10 transactions have taken place.

The private mortgage insurer is purchasing Agents National and Boston National from Incenter, which itself is a unit of Finance of America.

Various affiliated companies participated in the creation of the transaction, including its publicly traded REIT, which owned a significant portion of the mortgages.

Approximately 20 million U.S. residents – the majority of which were Gen Zers – took out their first debt product between the start of 2019 and mid-2022, a TransUnion study found.

The Chicago-based lender will provide up to $8,000 in down payment and closing cost assistance to underserved potential home buyers.

Currently, there's no standard mechanism for lenders to easily access this information.

With Control Your Price loan officers can lower the interest rate by up to 40 basis points on a loan and by 1.25 percentage points across their pipeline.

The shift opens the door for regional banks to increase their aggregation activities, analysts said.

Many industry stakeholders have been watching certain credit measures closely for signs that underwriting is loosening out of concern it could do so excessively, but indicators still show it's historically tight.