Mortgages

Homebuilders and real estate investment trusts outperformed the broader market as investor appetite shifts toward more defensive, cash-producing sectors.

The seizure of servicing from Reverse Mortgage Funding's bankruptcy has had ripple effects ranging from a private legal challenge to broader policy changes.

The association is grappling with potentially existential threats as major brokerages pull out of the group and a set of lawsuits threatens to squeeze the association and its members.

Some of the lender and servicer's systems are offline following the attack on Oct. 31.

Freddie Mac's survey finds the 30-year fixed loan dropped 3 basis points, but Zillow's tracker showed since the FOMC announcement, they dropped 30 basis points.

While the addition of Black Knight is already paying off in terms of cross-sell success, the unit has posted operating losses in five of the last six quarters.

The digital lender's product comes amid soaring expenses for homeowner's coverage.

The Toronto-based company is looking at local and international expansion, CEO Shubha Dasgupta said.

The resolution ends the firm's brief challenge to feds over its designation to utilize more flexible underwriting as it meets underserved borrower thresholds.

Despite the 10% jump in adjustable-rate mortgages, a decline in federally sponsored application volumes dragged overall numbers lower for the fifth time in six weeks, according to the Mortgage Bankers Association.

WeWork may file its Chapter 11 petition in New Jersey as early as next week, the Wall Street Journal reported, citing people familiar with the matter who it didn't name. 

A report from the state's attorney general found Black and Latino households end up paying that combined amount more in origination fees, interest rates and other associated costs, in addition to seeing higher rates of loan denials.

The U.S. Department of Agriculture program should also allow existing manufactured home sales to be financed, they said.

The cost of properties nationwide rose by 0.6% from July, according to the Federal Housing Finance Agency's monthly index.

The acquisition of the mortgage servicer has costs, but it'll give the company offsetting efficiencies of scale, executives said in an earnings call Tuesday.

The top five cities have an average median residential price per square foot of $654.

High interest rates and constrained inventory will take its toll on originations and securitization activity in 2024, the rating agency commented.

The latest increase marks the seventh straight quarterly rise, per an Attom report.

In conjunction with an announcement last week, federal agencies will conduct training workshops to help developers, lenders and other stakeholders benefit from the Biden administration's housing supply plan.