Mortgages

The move suggests the government bond insurer doesn’t expect to see loan performance return to normal levels until next summer.

The fourth annual survey seeks to identify and recognize the best employers in the industry.

The pandemic, a refinancing boom and intensified appraiser shortage boosted appraisal alternatives in line with the rise in remote work. Now an overheating purchase market and policymaker scrutiny are shifting priorities.

Notable drops were seen across all investor categories, led by declines in portfolio and private label loans.

Southwestern housing markets had the largest annual changes in median monthly home loan payments, with one increasing more than 30%, according to Redfin.

The underwriter also agreed to assist in the New York Attorney General's investigation of no-poach agreements in the title industry.

The industry veteran will be responsible for a division with a mortgage portfolio of almost $1.1 trillion in unpaid balances.

The Office of the Comptroller of the Currency slammed the scandal-plagued bank for violating a 2018 consent order and for problems with loss mitigation practices in its home lending division. The bank will also be restricted from acquiring certain residential mortgage servicing rights.

The company will roll out the program it has been piloting, Appraisal Direct, nationwide on Oct. 1.

While the monthly numbers are higher, they remain a far cry from pre-pandemic levels, suggesting it could be awhile before they return to normal.

Property losses piled up in Mid-Atlantic and New England states as the tropical storm devastated the East Coast, according to CoreLogic.

But refinance volume was constrained in recent weeks and many of the new offerings are aimed at low income borrowers, the Mortgage Bankers Association said.

Effects of major economic announcements this summer have had little impact on the lending market, with averages remaining under 3% since July.

Orchard, which offers cash to homebuyers upfront so they can purchase a new residence before selling their old one, raised $100 million to fuel growth in an ultra-competitive housing market that’s pushing shoppers to find new ways to stand out.

But a greater number still expect decreased margins for the fourth straight quarter, due to competitive pressures and shifting demands in purchases and refinances

Both government-sponsored enterprises approve more borrowers across the board than the broader market but the relative progress each has made differs across racial groups, numbers released Wednesday show.

But distressed loans released from backlogs by discontinued foreclosure bans could drive numbers higher eventually, depending on the strength of the housing market

Refinance and purchase applications both declined, while average loan sizes shrunk for the fifth consecutive week.

Single-family home construction also increased across communities of all sizes, but notably in outlying metro areas.

A rising — but still small — share of borrowers believe interest rates and housing price appreciation will fall in the next year, according to Fannie Mae.