Mortgages

This line item has risen to its highest point since 2019, according to the Mortgage Bankers Association.

The company said it expects to accelerate its timeline for selling through money-losing inventory, as the data-driven home-flipper looks to move on from a tumultuous year.

Buyer affordability has decreased by almost 22% in the past year, according to the Mortgage Bankers Association.

The total price of U.S. homes was $45.3 trillion at the end of 2022, down from a record high of $47.7 trillion in June, according to Redfin's report.

Persistent inflation concerns drove the 30-year average up 41 basis points this month.

The agencies are referencing the discontinued Department of Veterans Affairs' partial claim program and Ginnie Mae's PTAP as they build out new permanent initiatives.

The deal would put housing data provided by the acquiring intelligence provider in front of lenders early in the mortgage borrowing process.

The company also disclosed a 50% decrease in single-family workouts at the end of the year, compared to the same period in 2021.

Lenders are seeking to capture homeowner interest amid higher living costs, but home values have collectively fallen from their record-high last summer.

The cut reverts the mortgage insurance requirement to pre-financial crisis levels.

Volumes fell 18% compared to the previous week, while refinance activity also pulled back.

Payment suspensions will be utilized for other purposes but it remains to be seen whether its application in the pandemic will permanently broaden servicers' use of the strategy.

Despite a likely recession, researchers at the government-sponsored enterprise revised volume forecasts upward for both 2023 and 2024, while originators also entered the year expecting their business to improve.

As one of the latest examples of consolidation in the industry, the acquisition is notable in that it aims to preserve the availability of lending resources for both parent companies' customers.

Contract closings slipped 0.7% at the start of the year to an annualized pace of 4 million, according to data from the National Association of Realtors on Tuesday.

U.S. government bonds slid across the curve, with the 10-year rate heading for the highest close since Nov. 9.

This represents a gradual rise in activity, not the tsunami that many feared would take place as COVID-era moratoriums wind down, Auction.com said.

Community Financial Credit Union is partnering with the hosts of "Bargain Block" to renovate low-cost homes and help prospective buyers qualify for their first mortgage.

Only about $4.27 billion of the bonds have been issued so far this year, down from $29.38 billion at this same point last year, according to data compiled by Bloomberg based on deals without government backing.

The biggest gaps are in cities with the largest concentrations of people in this demographic, a LendingTree study of the 50 largest metro areas found.