Mortgages

New and proposed capital rules for some depositories and nonbanks could change the roles the various institutions play.

Over half of mortgage professionals in an upcoming Arizent survey suggest severe weather events will disrupt the housing market next year.

While home lending employment fell, a stronger-than-expected report on the broader labor market immediately raised concerns about the potential for higher interest rates.

The reports that will be due for certain months starting next year will add to Ginnie Mae's growing oversight of nonbank mortgage-backed securities issuers.

Income-producing loans secured by real estate are under pressure at banks, the government-sponsored enterprises, insurers, and in CMBS to varying degrees.

Mortgage shop Newrez has entered into at least 22 partnerships with real estate brokerages.

The financial services firm boosted a private placement by $100 million on Wednesday and introduced a new product for third-party originators earlier this week.

Recent economic data pushed investors toward Treasurys over the past week, driving 10-year yields to as low as 4.1%.

Toll Brothers Inc. stock rose as the homebuilder's executives pointed to "solid" demand in recent weeks as mortgage rates pulled back from two-decade highs. 

Procedural limits on condo originations aimed at preventing issues like the Surfside building collapse have frustrated lenders, who will see if this helps.

Heightened government-backed activity also helped bring the average loan size down to its lowest mark in 2023, with purchase amounts falling below $400,000 for the first time since January, the Mortgage Bankers Association found.

Brokerage giants, reeling from a billion-dollar judgment against them a month ago, face another major trial next year.

The top five lenders have an average mortgage origination volume of more than $8.8 billion.

But the average cost for a mobile home is still more than $300,000 lower than a permanent construction.

While Fitch and CoreLogic predict home prices will rise next year, Redfin is forecasting a 1% drop in the second and third quarters.

Only 62% of likely purchasers surveyed in October were waiting to act in expectations of declines, down from 85% in April.

Levels of home equity in seriously delinquent loans have fluctuated but today there's still a sufficient amount to help many access foreclosure alternatives, Intercontinental Exchange said.

The number of government-backed home loans transferred from one borrower to another is up significantly this year as prospective buyers look for ways to avoid elevated interest rates. Some say this is the beginning of a larger movement, but others say regulatory hurdles will get in the way.

California, Midwest and Northeast cities are poised to see the greatest combined rise in sales and home values, but some affordability relief will also emerge nationwide in the next 12 months, Realtor.com said.