Underwriting

The wholesale unit is running a month-long special looking to boost the product by waiving the $795 origination fee.

As part of the three-year agreement, the group will fund a $1.22 million scholarship fund to recruit minorities into the appraisal profession.

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.