Mortgages

The loans in the portfolio on offer have nearly 11 months of seasoning, indicating they were amassed during a loan production boom that has contributed to higher average servicing deal sizes.

Nearly half of likely buyers said they feel more urgency to act if the 30-year FRM reached 3.5%, a Redfin survey found.

The tech industry’s attempts to simplify the process of selling a house depend on flipping properties to some of the biggest names in global finance.

Total U.S. jobs came in below consensus estimates in December, according to the Bureau of Labor Statistics.

The Duty-to-Serve goals currently under review drew some objections from a coalition of affordable housing groups last year.

Tim Birkmeier, chief revenue officer at Rocket Mortgage, adds the president's role as part of the changes.

Despite the rising number of COVID infections, investors made no moves that would apply downward pressure.

While some in the industry support the change, mortgage broker trade group AIME called on the agency to reconsider it.

COVID loan forbearance championed by progressives has created a new, permanent class of distressed borrower, Whalen writes.

Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.

The division will focus on short-form video favored by emerging homebuyers.

Refinances also decreased, with rising rates contributing to the slowdown.

Originations of home equity conversion mortgages surged nationwide at the end of the year, with December numbers near a 4-year high.

The company plans to hire an unspecified number of people in servicing as a result of the shift, with a particular focus on recruiting people for “customer-facing” positions.

For the past five months, single-family house prices were up by at least 18% compared to monthly averages in 2020, but by next November, increases should sink below 3%, CoreLogic said.

A chaparral-covered patch of land in southwest Riverside County could soon become a testing ground for a new housing concept.

The metric’s imminent end after more than 40 years means servicers need to put replacement plans in motion if they haven’t already.

With $258 million coming from the Homeowner Assistance Fund, the state introduces its plan as federal restrictions prohibiting foreclosures come to an end.

The new leader, who officially joined the government mortgage-bond insurer on Jan. 3, is the first Senate-confirmed holder of the post in close to five years.

Mortgage performance in November was improving, coming close to crossing a key threshold for pandemic-era recovery, but Omicron raises questions about whether that trend will continue.