Mortgages

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.

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.