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.

U.S. housing starts bounced back in August after tumbling a month earlier, illustrating uneven residential construction as builders weigh inventory levels against brighter demand prospects tied to falling borrowing costs.

Refinance activity is up 127% year-over-year as interest rates dipped closer to 6%.

A blog post from the Consumer Financial Protection Bureau cited data from the pandemic refi boom to show Blacks and Hispanics had limited opportunity to drop their interest rate.

Changes to the Manufactured Home Construction and Safety Standards include allowing the building of two-to-four family units on a permanent basis.

The equity infusion into a multimillion-dollar vehicle for co-investment in mortgage servicing rights suggests there may be continuity in a trend as rates shift.

The defendant is accused of defaulting on several properties, bought alongside partner companies with names like Satan or Lucifer Management Corps.

Confidence among U.S. home builders rose in September for the first time in six months, just before the Federal Reserve is expected to cut interest rates from the current two-decade high.

Asked about inflation risks ahead, she pointed to the impact of housing on the consumer price index, describing it as the "stickiest piece." Stripping out housing, the U.S. consumer price index is only rising about 1.8%, she said.

More "Airbnb-style" rental property loans are making their way into non-qualified mortgage securitizations and could they be acting differently from the traditional non-owner occupied loans, a Standard & Poor's report asks.

The government will also begin allowing mortgage default insurance on homes worth up to C$1.5 million ($1.1 million), an increase from the current cap of C$1 million.