Mortgages

More banks were on the list and although United Wholesale led by dollar volume in fourth quarter earnings, its loan count for the full year remained lower than Rocket's, an analysis shows.

More hikes are likely as the Board is confident its bid to quell inflation won't deepen a nascent banking crisis.

And in January, all-cash buyers reached their highest share in nine years, at 32.1%, Redfin said.

As application volumes increased, loan sizes also surged, with average purchase amounts now at a 2023 high, according to the Mortgage Bankers Association.

The Toms River-based lender was supposedly having liquidity issues, according to unconfirmed reports.

Harold Lewis, the former president and chief operating officer of the organization now known as Mr. Cooper, will fill the same role at the company he's joining.

Mortgage professionals are carefully monitoring indicators of whether turbulence in the financial markets will continue to put downward pressure on rates.

The pace of supply coming to market continued its late 2022 slowdown in the first two months of the new year, but greater opportunities may lie in sales of newly constructed properties.

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.