Mortgages

Private-market loans nudged the total number up during a processing lull, according to Black Knight.

Shrinking inventory of homes for sale and higher demand motivated by rising mortgage rates spurred buyers into action, the company found.

The Soquel, California mortgage broker will retain its current branding for the time being.

Contract closings decreased 7.2% in February from the prior month to an annualized 6.02 million, figures from the National Association of Realtors showed Friday.

The effect is likely to be felt in consumer debt burdens and application misrepresentations, industry leaders say.

The company claims its digital registry system is a faster, safer alternative to MERS databases

The creation of single- and multifamily inventory occurred at the fastest pace seen since 2006 in February, but housing market transactions slowed as rates rose.

The builder reported better-than-expected quarterly orders as the record shortage of existing-home listings pushed buyers toward newly built properties.

It was the highest percentage reached in almost three years.

As the rising rates shrink the number of potential customers, mortgage brokers are seeking these products in order to keep business up.

The increase is the first since 2018 and, combined with reductions in the mortgage and Treasury bond portfolio, it could drive 30-year home loan rates to 4.5% by year-end.

The increase in second-lien residential loans in this category was even more pronounced, according to Standard & Poor’s Dow Jones Indices and Experian.

Purchases increased, but refinance activity cooled again due to rising rates.

The Federal Open Market Committee is all but certain to raise rates by a quarter percentage point at the conclusion of its two-day policy meeting.

An increase in loan-limit size and the rapid growth of home equity fueled interest in reverse mortgages in January.

An oversight official at the Consumer Financial Protection Bureau has laid out some specific responsibilities mortgage companies have when they work with borrowers receiving this type of housing relief.

An investor alleged the independent mortgage bank failed to disclose the revenue hit from a refinance dip at the time of its initial public offering.

The mortgage payments fintech completed a $31 million Series C capital raise with Bain Capital Ventures and SignalFire as the lead investors.

All indicators show that the renting market is heating up, as would-be buyers of houses increasingly turn to rentals because they can’t find — and can’t afford — their dream houses.

About 30% of U.S. office buildings are at high risk of becoming obsolete as tenants’ tastes change in the hybrid-work era.