Mortgages

And with demand far outweighing supply, the average new-home purchase loan ascended to another record high.

Also, even with bans in place, the total number of filings keeps inching up due to actions taken on vacant properties.

The Michigan lender agreed in 2012 to pay $133 million to resolve civil fraud charges tied to government-backed mortgages. But the deal with the Justice Department came with a catch that eventually allowed Flagstar to pay far less.

Rising cases and vaccine issues caused bond yields to fall, but inflationary pressures will likely reverse that course.

The loan officers who brought in the highest volumes last year offer their perspectives on social media, the GSEs, loan channels and more.

COVID-19 quickly altered the hierarchy of borrower debt, with home financing payments taking precedence over credit cards and auto loans, according to TransUnion.

Oaktree Re VI 2021-1 will market $531 million in CRT notes that will provide NMI with partial reinsurance on a $45B pool of GSE-eligible loans.

Their numbers suggest that the quarter’s home lending may be stronger than industry forecasts for a 6 to 13% decline.

Hild, 46, schemed with other Live Well executives to increase the reported value of a pool of bonds used as collateral for loans, Assistant U.S. Attorney Jordan Estes told jurors in opening statements on Wednesday.

The REIT is planning its own stock sale to pay for the all-cash purchase from Lone Star Funds.

In the nonstop deluge of loan volume, last year’ highest producing loan officers leaned on tech — though sometimes reluctantly — to adapt in the digital marketplace.

But the percentage of weekly applications in that category was closer to 60%, the Mortgage Bankers Association found.

There’s a 20 percentage-point gap between Black and white consumers who have the income necessary to qualify for a mortgage on a new median-priced home.

While the overall delinquency rate decreased for the fifth straight month, states with unemployment rates that were double and triple the national average had the most overdue loans, a CoreLogic report found.

However, companies were largely unable to use that cash infusion to make investments that lower their costs, since they had to pay out more in compensation.

Lumber futures have surged more than 60% to record highs this year, and analysts aren’t expecting any relief until late 2021.

A loan officer logging a billion-dollar volume topped the ranking for the first time in the 23-year history of the survey.

The stabilizing economy drove one of the biggest mortgage recoveries on record, according to the Mortgage Bankers Association.

The diverse group of loans in the servicing rights portfolio offers a potentially attractive recapture opportunity and would be a sizable transaction for their era.

During a record-breaking year for lending, these loan officers brought in the highest volumes of the 400 on the list.