Mortgages

Announcements from Paramount Residential Mortgage Group and LodeStar Software Solutions are early indications that the company’s aggressive investment in diversified business lines could pay off.

Only eight states experienced annual appreciation viewed as sustainable, according to Fitch Ratings.

Borrowers who make at least a 10.01% down payment will not be required to obtain this form of credit enhancement, as these loans are not being sold to Fannie or Freddie.

The loan pool’s volatility score is high but its diversity of properties is a plus.

Refinance numbers declined for the seventh time in eight weeks, leading to an overall weekly decrease.

The transaction takes depository-focused nCino into the independent mortgage banking side of the lending business.

The deal between the two fintechs aims to cut mortgage decisioning times for lenders and expand access to financing for consumers.

The consumer bureau is asking for comment on whether the rule implementing the Home Mortgage Disclosure Act is meeting its stated goals of detecting discrimination in mortgage lending.

Electronic signatures and remote online notarization can now be used for mortgages that previously were signed in person, subject to certain restrictions.

Despite elevated prices and supply-chain bottlenecks, October application activity was up for the second time in three months and pushed the average loan size to a record high.

Bargain-hunting buyers are willing to make a purchase on the courthouse steps or via online sale, according to ServiceLink.

Advocates negotiating with the Minneapolis bank also want commitments for mortgage assistance and payouts to financial nonprofits. The pressure for Federal Reserve hearings coincides with Biden administration calls for more scrutiny of big bank mergers.

A pilot conducted with a handful of independent financial advisors has transitioned to a full roll-out, with the lender offering a discount of up to $5,000 to potential borrowers through the broker-dealer.

The Federal Housing Administration’s capital fund is at a 14-year high, which industry groups say is proof borrowers are paying to much for mortgage insurance. But with elevated delinquencies resulting from the pandemic, officials said they remain cautious about pricing.

Real estate investors acquired a record 18% of U.S. homes sold in the third quarter of 2021, wagering $64 billion that home prices and rents will continue to surge.

Unpaid balances among distressed loans also dropped by over 10% to under $200 billion.

The company was able to generate a relatively higher margin than the previous quarter, in contrast to broader industry trends, bringing its bottom line back into the black.

GOP opposition and a packed Senate agenda have delayed the vote on Julia Gordon as head of the Federal Housing Administration. But industry representatives say that with FHA delinquency rates still elevated and loan forbearance plans expiring, there's an urgency for Congress to confirm her by year-end.

Even though one aspect of these lending standards is becoming more flexible, some say they still don’t always meet the needs of borrowers like delivery workers employed on a contract basis.

The collapse of Zillow Group Inc.’s home-flipping operation is highlighting the close ties between tech-powered real estate companies and the Wall Street landlords hunting for rental houses.