Mortgages

The lender plans to grow the segment by relying on account executives and their connections, the company's SVP of sales said.

The cooldown in U.S. housing should show up in official inflation data next year, according to a new index that aims to capture changes in rental markets without the usual lag. 

The final rule also orders the government-sponsored enterprises to give advance notice of new activities to determine if they are subject to these procedures.

The bill will require the agency to codify the use of desktop appraisals.

Though housing is experiencing severe rate-related stress, mortgage banking remains central to the Denver-based bank's business model. The Texas market has held up better than much of the rest of the country, company executives say.

Lower rates brought some purchasers back to the market in November but activity remains lower than one year ago, the Mortgage Bankers Association said.

In a sprawling consent order, the Consumer Financial Protection Bureau order cited mismanagement that extended from auto loans to mortgages and deposit accounts. Wells Fargo CEO Charlie Scharf called the agreement a critical milestone to "put these issues behind us."

The latest fluctuations in some subsets of the Mortgage Bankers Association's numbers suggest it's getting a little more difficult for entry-level buyers to keep paying their loans.

New U.S. home construction continued to decline in November and permits plunged as high borrowing costs paired with widespread inflation eroded housing affordability and demand.

Title insurers are lobbying Congress eliminate alternatives to their products, writes the founder of iTitleTransfer.

But the lower rates of the past month did result in a $7-billion boost to its origination forecast for 2022.

U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in over a decade outside of the pandemic amid elevated mortgage rates and high construction costs.

The additions in 2022 put it in the ranks of the top 25 players in the business, according to the company.

The two companies will bring close to 60 new employees to the Philadelphia-based lender.

The share of single-family constructions located in homeowner's associations grew to over 67% in 2020, according to the National Association of Home Builders.

The requirement for FHA borrowers in default was put on hold for the pandemic and extended multiple times, and the industry's waiting to see what happens to it next.

Baby boomers downsizing, millennials entering their prime homebuying years and Gen Zers going for luxe rentals in trendy cities are among the trends to watch.

Despite cutting back on other tech spending, some lenders plan to deploy these tools in the second quarter of next year, the company's director of banking, mortgage and insurance automation solutions says.

Back in 2018, Trump Administration officials attempted to have the case dismissed but the federal court system rejected its petitions.

The restrictions may be of interest to mortgage lenders who look to right-size by having more people multitask.