Mortgages

Nonbanks will probably see the least change, while securitization lenders, depositories and REITs are likely to experience the most, an Urban Land Institute survey suggests.

The national median payment grew to $2,012 last month from $1,941 in September, the Mortgage Bankers Association found.

As the share of forborne loans increased for the first time in more than two years, servicers are cautiously eyeing data trends but appear equipped to handle storm-related distress.

Loan officers, processors and closers were impacted, a source said. What remains is a "skeleton crew" to run operations.

Rising mortgage rates also led to the highest level of listing price reductions as well as the largest annual drop in pending home sales, Redfin found.

IT departments are largely focused on finding solutions that will beef up volume while shrinking expenses, those in the field say.

Two vendors have added non-agency mortgage and co-issue servicing sales respectively, and a government agency has confirmed that it's working on overcoming a hurdle to more scalable eNote use.

The change, effective Dec. 21, is being put into place two years after it was first proposed.

However, the downturn will be brief and housing will lead the way out, the government-sponsored enterprise concluded.

While mass firings abound, the employment situation is not moribund for those with certain skills sets in demand.

The $225 million deal has its roots in the creation of the mortgage technology company that currently owns the property information business.

A trade group expert called this "sobering news," given that the third quarter is generally the strongest of the year for the industry.

A Fannie Mae survey says 36% get only one quote, while a separate Zillow study found 72% don't plan to look for options.

Contract closings decreased 5.9% to an annualized pace of 4.43 million last month, according to the National Association of Realtors

But an executive at the mortgage company's corporate parent feels the agency, which is facing a court challenge to its funding, is engaging in regulatory overreach.

The decline in loan activity and softening prices also helped drive down builder sentiment for the 11th month in a row.

At least three lenders have announced the formation of partnerships with real estate or homebuilder companies in November

One week following the Consumer Price Index data release, the 30-year fixed rate loan is 47 basis points lower, while the 15-year is down 40 basis points, Freddie Mac said.

While rising rates buoy revenue for the country's largest banks, in the short term they also force them to write down the value of assets they hold on their balance sheet, exacerbating a capital squeeze that's prompted most of them to halt buybacks.