Mortgages

Axylyum, which recently released information about its first named client, offers an alternative to other forms of risk sharing for private companies originating income-producing mortgages.

Treasuries plunged following news of the omicron variant, but subsequently reversed course.

The federal sentencing of the onetime president of the Mortgage Bankers Association, Ron McCord, follows a guilty plea and admissions related to improprieties in warehouse lending and servicing arrangements.

The news comes just a day after the company restructured its merger with Aurora Acquisition to put $750 million in cash on its balance sheet right away.

The agency must raise its upper and lower levels in tandem with the new conforming loan limits by law.

The new terms, which still value the New York-based mortgage lender at $6.9 billion, include a $750 billion convertible bridge note.

Purchase applications increased for the fourth consecutive week, with the average loan amount at its highest since February.

In areas prone to natural disasters, first-year premiums could rise between 10% to 15% annually, but many appraisers are inaccurately calculating renewal hikes.

The increase that followed in the pandemic’s wake is subsiding, and migration patterns are shifting, according to Redfin.

Acting Federal Housing Finance Agency Director Sandra Thompson and the Housing Policy Council say the new amounts are not good for affordable housing.

Higher sales commissions helped to drive production costs to their second-highest level since the Mortgage Bankers Association started its survey in 2008.

The deadline is approaching quickly, but it’s still not too late to get started, writes the manager of Falcon Capital Advisors.

Though unlikely to derail a hot housing market, another surge in COVID-19 cases could cloud the outlook for economic growth, analysts said.

A continuous servicing-to-originations loop keeps and grows customer relationships while increasing MSR values and lowering origination cost. But as with all things mortgage, executing on this is harder than it looks, writes Sagent's CEO and President

Like the stock market rout around news of the Omicron variant, the recent increase in payment suspensions suggests financial troubles associated with the pandemic may not be over.

A forward-looking gauge of U.S. home purchases rebounded in October to a 10-month high, signaling steady housing demand despite growing affordability concerns among many prospective buyers.

With home improvement spending up, more mortgage bankers are building out teams to capture the market.

Starwood Capital Group is acquiring 2,300 single-family rental homes from Pretium Partners, increasing its bet on U.S. suburban real estate.

While most agree texting is essential, are more traditional methods, like direct mail, still necessary post-COVID?

The company also let go of staff in its Chicago-area office, with one account estimating "hundreds of employees" lost their jobs there.