Mortgages

Issuances decreased over 10% annually, while at the same time, builders are still seeing shortages of many materials, according to the National Association of Home Builders.

Single-family property values during the year's final three months rose 9.2% year-over-year, but that bump fell below the 13.1% annual rise in the prior quarter.

The value of New York City's 1.1 million properties is projected to rise 6.1% for the next fiscal year, boosted by single-family home prices.

One product aims to make it easier to customize connections with consumers, another helps with vendor management and a third helps size up collateral.

While mortgage and real estate startups currently face a challenging environment in seeking investors, some companies are finding venture capital.

The most attractive cities this year count more homes selling under their listing price rather than over it.

The survey period runs through Feb. 24, so don't dally!

High inflation, rising interest rates and increased economic uncertainty may be telegraphing a further slowdown in U.S. new household formation during the closing months of 2022.

The department wants to make changes to its reconsideration of value process by giving Federal Housing Administration borrowers the opportunity to seek a second appraisal

Analysts questioned whether the reductions could have a negative impact in terms of scale, but executives said the move has financial advantages — more so than its correspondent exit.

Marianne Sullivan will be charged with overseeing the start of the second phase in a multi-year plan to develop cloud native technology at the servicing software company.

The measure enacted on Dec. 30, 2022 applies retroactively and could add servicing risks that lending divisions will likely consider in underwriting and pricing on new loans originated in the state.

A month after the National Community Reinvestment Coalition blasted KeyBank's mortgage lending record to Black borrowers, the group said it will send letters to the Federal Reserve and OCC about its findings.

While supply was up by over 54% compared to a year earlier, new home listings decreased, according to Realtor.com.

The 30-year fixed loan rate dropped 15 basis points compared with last week as bond market investors acted in advance of this morning's Consumer Price Index report.

With Control Your Price loan officers can lower the interest rate by up to 40 basis points on a loan and by 1.25 percentage points across their pipeline.

The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter.

The shift opens the door for regional banks to increase their aggregation activities, analysts said.

But the numbers still generally remain below pre-pandemic levels, according to Attom.

The transactions, combined with news Wells Fargo will be shedding some mortgage servicing rights, add to indications that prices for investors may be more favorable this year.