Mortgages

A trio of Federal Home Loan Banks this week publicized endeavors related to their affordable housing mission shortly after their regulator put out a request for input on that topic.

The descriptions for remedies and indemnification have the most significant changes and more details were added throughout.

The total insured wind and storm surge losses in Texas will be between $700 million and $1.5 billion, Corelogic estimates.

The increase, coming off of persistent low levels, did not counter the slow purchase market during the month, Optimal Blue found.

The Consumer Financial Protection Bureau has proposed requiring that mortgage servicers exhaust all efforts at assisting struggling borrowers before moving ahead with a foreclosure.

A growing number of states are tackling affordability struggles for middle-income renters, who have experienced the fastest increases in cost burdens over the past 20 years.

Declining refinance activity offset the growth in government-backed purchases, the Mortgage Bankers Association said.

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 head of servicing for Rithm's Newrez subsidiary talks about how the market has changed, the SLS acquisition, and technological innovation.

Financial security is a concern for 31% respondents who said they feel less well-off than their parents or grandparents, a Nationwide survey found.

The Community Home Lenders of America compared trigger leads with junk fees and regulators need to investigate mortgage originator use of these solicitations.

More than 50% of aspiring buyers expect their next purchase will cost less than the latest median value, according to the National Association of Home Builders.

The bank acquired these business purpose non-qualified mortgage loans originated by Civic Financial Services in the PacWest Bancorp deal.

June housing market data from Redfin found home prices hit a new all-time high. Fortunately, monthly mortgage payments decreased and new listings were up 10%.

Ongoing challenges from limited inventory levels and elevated prices likely spells little lending momentum this summer, Mortgage Capital Trading said in its latest report.

The overall Bureau of Labor Statistics number was a tad higher than expected but other indicators point to economic weakness that could lower mortgage rates.

A package of 19 Federal Housing Administration servicing documents and forms has been translated into five languages for those with limited English proficiency.

Mortgage content creators on TikTok use their social media platforms as a long-term investment into client loyalty while educating consumers nationwide.

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.