Mortgages

The dynamic between housing market players diverged to an even greater degree amid intense demand and surging home prices, according to Fannie Mae.

This is the second acquisition in the private equity firm’s newly established technology vertical.

Government-sponsored loans gain volume share, but overall numbers tumble to a point not seen since before the pandemic.

A Virginia-based builder announced a line of manufactured housing that features clean energy technology, reduced waste and “plug-and-play” assembly.

Rebounding employment brought total forborne mortgages under 2 million, according to the Mortgage Bankers Association.

The $16 billion Champion Mortgage portfolio sale follows Ocwen Financial’s purchase of different assets from MAM a few weeks prior.

The company is looking to sell 20 million shares, with a 3 million underwriters' option, at between $16 and $18 per share.

The cost of renting a home is soaring in cities across the U.S., squeezing the finances of low-income households and posing a threat to the consensus that pandemic inflation will soon fade away.

The lack of a stabilizing force in the commercial real estate mortgage business is creating one of the most significant threats the lending industry faces, writes the CEO of Cirrus.

The city's office vacancy rate rose to 20.1% in the second quarter despite an increase in leasing activity.

Also: Former Zillow execs launch mortgage fintech, housing inventory inches up as lumber prices tumble.

After lumber futures skyrocketed to an all-time high in mid-May, prices fell by more than half at the end of June.

Even though the channel helped the bank do over $2 billion in business last year, going forward it will produce loans through the traditional retail business.

The plateau in non-depository estimates for new jobs in the field reported Friday follows anecdotal accounts of reorganization by banks and nonbanks in the past week.

The number of GSE-backed and government sponsored loans in forbearance declined, while portfolio and private-label loans increased.

It is only a modest positive for new publicly-traded mortgage companies if acting Federal Housing Finance Agency head Sandra Thompson rolled back the caps put in place by the agreement with the Treasury.

Historic data suggests that first time home buyers may want to wait out current market conditions, a new report states.

Estimates suggest public funds in aggregate may be adequate to cover arrears and potentially keep many in their homes as the eviction ban ends, but may not be evenly distributed.

Private mortgage insurers can continue to hold less capital for forborne delinquent loans, which helps them potentially upstream payments to parent companies in the third and fourth quarters.

While home prices hit another record high, the supply of for-sale properties improved, according to Realtor.com.