Mortgages

The government-sponsored enterprise took the next step towards allowing lenders to implement its property valuation modernization plans.

Home loan servicers are watching other indicators like chargeoff rates in the auto loan and credit card sector for signs of trouble.

Homebuilders are rising as much as 1.7% Tuesday after data showed previously owned home sales snapped a yearlong slide, rising in February by the most since mid-2020. 

An originator finds social media support essential, while a home equity firm and a servicer find customized systems necessary to bridge gaps in off-the-shelf technology.

Sales of previously owned homes rose in February by the most since mid-2020, snapping a record year-long slide tied to rising interest rates and affordability constraints.

The government-backed acquisition heads off regulatory and financial concerns at a Swiss bank that could have affected overseas financial institutions that U.S. lenders count on.

The $1.25 trillion-asset Home Loan Bank System collectively issued $303.9 billion in discount notes and bonds last week, with demand tapering dramatically from $111.8 billion on Monday to $21.7 billion by Friday.

Imbalances linked to affordability and interest rate volatility are challenging the mortgage market. Here's how they may be resolved.

How lenders with between 100 and 499 employees stacked up against each other.

A preliminary injunction in federal district court had put the 2020 rule on hold, and the move will officially reverse it.

If adopted, the proposal from the Conference of State Bank Supervisors would place less stringent rules on the type of financial documents expected from startups, underwriters and brokers.

The technology provider is in the midst of a large reduction in spending including the dismissal of approximately 340 employees.

The division independently manages credit-sensitive loans using automated analysis of factors that could affect processing and return on investment.

Less than one-third of households would be able to afford 2022's median-priced new home, according to the National Association of Homebuilders.

In its last full quarter using a mortgage banker business model, the company originated just $21.5 million, well down from $759.4 million one year prior.

The failures of Signature Bank and Silicon Valley Bank have already rocked mortgage rates but aren't expected to rattle lines of credit provided by depositories, home lenders say.

The system of 11 regional banks issued a combined $137 billion of bonds and discount notes on Tuesday and Wednesday, after selling $112 billion on Monday, the largest single day of issuance in its 90-year history.

Both 30- and 15-year averages dropped for the first time in six weeks, as investors flocked to safety of 10-year Treasuries.

Though a handful of state programs were closed or suspended, most remain open and more than 230,000 households received the funds from the U.S. Treasury.

Residential starts rose 9.8% last month to a 1.45 million annualized rate, the fastest in five months, according to government data released Thursday