Mortgages

The range in the size of mortgages to be insured by the agency in 2023 runs between $472,030 to $1,089,300, while maximum claims on HECMs will similarly increase.

On Nov. 29, Inlanta notified state officials it was terminating 62 employees contingent on its acquisition by a then-unnamed third party.

Measures related to how interchangeable their mortgage-backed securities are have drawn more focus since July when the Federal Housing Finance Agency added a fee that some fear could upset the balance.

New York, Chicago and Philadelphia led the list of large metropolitan markets considered vulnerable to a downturn, based on analysis from Attom.

The deal creates a secondary market and securitization outlet for the Ohio-based lender, which reportedly is the buyer of Angel Oak Home Loans.

The benchmark 10-year Treasury in particular tumbled 11 basis points between Wednesday's close and Thursday's open.

Allowing Fannie Mae and Freddie Mac to buy these loans encourages consumers to purchase more expensive homes, the group said.

The layoffs at the lender's Houston, Texas headquarters caught many by surprise as upper management informed employees in October that they had enough resources to weather the market conditions.

The company had been the fifth most active Home Equity Conversion Mortgage originator year-to-date through October.

Approximately 41% of respondents to a LendingTree survey think one will occur in the next 12 months, with three-quarters feeling it may be worse than in 2008.

Activity swung upward for the fourth week in a row, but a steeper drop in refinances led overall volumes down by a fraction from seven days earlier and 66% on an annual basis.

The National Association of Realtors index of contract signings to purchase previously owned homes decreased 4.6% last month, according to data released Wednesday.

A class action complaint alleges Nationstar improperly denied the holders of a Federal Housing Administration-insured loan relief entitled under a pandemic option.

Lenders that offer streamlined refinances in the future shouldn't be required to consider the borrower's income or employment status, according to the Mortgage Bankers Association. The trade group's comments were part of its response to a request for information on mortgage products that would support the financial stability of households.

The homeownership gap between Black and white populations has widened in the years since the Great Recession, putting obstacles in the way of achieving wealth for a large percentage of Americans. How did we get here, and what do the housing and home lending industries need to do to change the current course?

The year-end expiration date on two temporary measures designed to help older borrowers were pushed to December 2023.

The increased limit on the size of the mortgages the government-sponsored enterprises will be able to buy reflects the year-over-year change in home prices.

Replacing title policies with attorney opinion letters could exacerbate consumer and lender risks now and into the future, writes the president of Incenter's Boston National Title Agency.

It was the third straight decline for the seasonally adjusted measure of prices in 20 large U.S. cities, according to the S&P CoreLogic Case-Shiller index. 

The increases set to go into effect in February help some offset breaks for first-time buyers but also limit options for existing borrowers.