Mortgages

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

A Rocket Mortgage securitization is the first private investor deal with a high share of e-notes, and the company is considering use with another loan product type.

Rising inflation has been an issue across the country, but these are the cities with the greatest challenges.

Property insurance and taxes account for over one-third of current loan performance risk, according to Auction.com's recent survey of default servicing leaders.

Second quarter margins at the three big banks were lower versus three months' prior, missing Keefe, Bruyette & Woods expectations of a flat comparison.

The new regulation goes into effect in early 2025 for properties financed by Fannie Mae or Freddie Mac.

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

Shares of real estate companies jumped as much as 3.1% Thursday for their biggest intraday gain of 2024, climbing to their highest level since March as investors snap up homebuilder, digital and commercial real estate stocks alike.

United Wholesale Mortgage has introduced a product dubbed Govy125, a 125 basis points incentive on any note rate for VA IRRRLS and non-credit qualifying FHA streamlines.

A summary judgment from a Missouri district court denied the government from seeking federal damages for violations of the False Claims Act following alleged underwriting misconduct by the lender.

On the whole, foreclosure times are back where they were before the pandemic, but in one state the average is over 10 years, according to Attom's latest data.

Positive signs on jobs and inflation help drive the 10-year Treasury yield lower, and lead investors to forecast a short-term rate cut sooner than later, Freddie Mac said.

For the sixth consecutive month, more mortgage credit is available to consumers, but it still remains historically tight, the Mortgage Bankers Association said.

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.