Mortgages

A trigger occurs if the reserve fund is less than 50% of the reserve fund target amount, or if the payment date where the outstanding HEA valuation is less than 80% of the starting home valuation.

Trended credit data that the industry's increasingly required to use could help mortgage firms better forecast delinquencies and prepayments, a new study finds.

While the Freddie Mac survey found the 30-year fixed fell 11 basis points, other indicators, including the 10-year Treasury yield, have all increased.

Contract closings decreased 2.5% from a month earlier to a 3.86 million annualized rate, according to figures released Thursday from the National Association of Realtors.

The winner wowed judges with a natural-sounding artificial intelligence tool that also explained its decision-making on the back-end.

OceanFirst's own press release points out the federal government has obtained $120 million in relief in similar cases since 2021.

Short-term rate cuts often don't immediately translate to lower financing costs for 30-year home loans, and there are some unique circumstances this time.

The government agency also finalized a rule that will bring virtual home buyer counseling services to consumers.

The industry leader is the third wholesale competitor to allow larger mortgages months ahead of the government's official announcement.

Fannie Mae's economists are pessimistic about the future for existing home sales, reducing its purchase volume outlook in both 2024 and 2025.