Mortgages

Since the launch of vacant-loan sales, a majority have come from properties located in 10 states, HUD reported.

In the midst of a separation between Mike Kortas and Mat Grella, the company's CEO sets course to double headcount.

Despite signs of inventory returning, prices and loan amounts are trending higher this year, according to data from the Mortgage Bankers Association.

But the pace of home price growth between January and February was nearly double the level seen prior to the pandemic.

Dean Wheeler will drive the firm's growth push in the U.S. and follows the London firm promoting Serenity Morley to COO, to drive growth globally.

Refinance-driven prepayments responded to lower rates in February, rising to a high not seen in 17 months, according to ICE's latest Mortgage Monitor report.

The Consumer Financial Protection Bureau received nearly 28,000 mortgage-related consumer grievances in 2023, the regulator said.

This is the second suit related to United Wholesale Mortgage's All-In initiative to get recommended for dismissal in a federal court.

Doma in nearly three years as a public company was never able to achieve profitability and had to scale back CEO Max Simkoff's vast ambitions.

An ex-SVP and two managers from Primelending are facing a $35,000 fine for allegedly violating whistleblower protections, and the company is adding training.

KBRA recently assigned low-end investment grade designations to Freedom Mortgage and Pennymac transactions that involve interests in Ginnie Mae mortgage servicing rights.

Higher costs than expected, not just for the mortgage but for repairs and more, have recent buyers' regretting their purchase, Clever RE and Redfin found in separate reports.

Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.

The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.

Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.

The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.

But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.

Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.

The Midwest was the main driver of the increase in pending sales, with a 10.6% jump, while contract signings in the South edged up 1.1%.

In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.