Mortgages

In November, 41% of builders reported cutting prices, a record in the post-Covid period, according to Tuesday's report. More broadly, 65% reported using sales incentives, unchanged from the prior two months.

The Structured Finance Association is adding its weight to recent support for a Securities and Exchange Commission action that could modernize Reg AB II.

Two heavyweights in the US residential real estate market, Compass Inc. and Zillow Inc., will face off in a New York courtroom this week in a legal battle that could reshape the future of how homes are marketed and sold in the country.

Home Depot's bleak forecast provides another warning about the strength of US consumers in the absence of official economic data during the US government shutdown.

Application error findings rose over 15%, the second quarter in a row they have moved higher, the post-closing file review from Aces Quality Management found.

Quality Control Advisor Plus is an integrated system which brings together previously separate units, cutting months off of Freddie Mac's current QC process.

New-home mortgage applications dropped, but the annual sales pace was the strongest in over a year, the Mortgage Bankers Association said.

Policy reviews of GSEs and Basel rules could reshape the MSR market, opening opportunities for banks and altering Fannie, Freddie MBS dynamics.

Delinquencies are at their second highest level in three years, led by deterioration in the performance of FHA loans, the Mortgage Bankers Association said.

Bayview Asset Management and three affiliates reached an agreement in a data breach lawsuit for an incident that impacted 5.8 million customers.

The acquisition agreement is the latest example of merger activity this year focused on the recapture potential held within servicing pipelines.

While Fitch and Kroll have differing views on mortgage rates next year, both are looking for mortgage delinquencies to rise in their rated portfolios.

The fintech had over $2 billion in home equity line of credit volume in the third quarter and reported growing production in its crypto and non-QM offerings.

With the increase in investor-owned properties, the risk of undisclosed real estate fraud, including occupancy misrepresentation, rose 9% in the third quarter.

Origination has picked up but has limits, retention rates are improving and stakeholders are seeking a recapture standard, experts at an industry meeting said.

The hidden costs of homeownership total nearly $16,000, rising 4.7% in the past year.

A 50-year mortgage would make borrowers susceptible to higher interest rates, significantly more payable interest and slower equity gains, LendingTree analysis showed.

For the second consecutive week, the 30-year fixed rate mortgage increased as investors were still sorting through the lack of information due to the shutdown.

The mortgage company, even though it is owned by a bank, has been profitable for the last two years, when considering its originations operations, as it does.

Yields were higher by as much as three basis points, led by tenors more sensitive to changes in Fed policy.