Mortgages

The move is in line with expectations that the Federal Housing Administration would extend more consumer relief amid the transition in Washington to Democratic leadership.

The expected pricing range is between $19 and $21 per share if all 14.4 million shares to be offered are sold.

The auto finance company, which had stumbled in forays into the credit card business, is now seeing rapid growth in mortgage and unsecured consumer lending.

United Wholesale Mortgage is the third nonbank lender to complete the process of going public since the wave of announcements started last year.

President Biden and Democrats in Congress have backed plans to subject a broader array of companies to Community Reinvestment Act requirements. But there’s no guarantee such reforms will happen.

The uptick follows the pandemic-era trend of midmonth increases in active plans, according to Black Knight.

Sales of previously owned homes increased unexpectedly in December, capping the best year for the housing market since 2006 as historically low mortgage rates helped power demand.

Plus, 4Q earnings show strong mortgage volumes, growth forecasted for jumbo loan market and more.

Mortgage industry hiring and new job appointments for the week ending Jan. 22.

Despite that decline, the company notched its second-best quarterly earnings ever over that period.

In a year beset with a pandemic, tornadoes and civil unrest, one bright spot that emerged in 2020 was a residential real estate market that enjoyed record-high sales and home prices in Chattanooga, Tenn.

For the 10th straight year, annual home sales in Central Texas and the median price of those sales surpassed the year-before totals, with 2020's records coming despite the global coronavirus pandemic.

After last week’s spike, mortgage rates dropped back to near historic lows, as broader worries about the pandemic and the economy came back to the fore for investors.

What if mortgage lenders could earn borrowers’ confidence and affection even earlier, so that they would turn to them repeatedly for other loans, including that initial mortgage, CampusDoor CEO Steve Winnie asks.

Home construction starts rose for a fourth-straight month in December to the best pace since late 2006 as builders responded to the robust demand for single-family housing.

The Department of Housing and Urban Development bulletin waives “non-citizens” language in the FHA’s handbook, which one Trump administration official had claimed made DACA recipients ineligible for FHA loans.

The Biden administration could encourage the FHFA to increase the caps or restore exclusions for certain types of loans, which would boost overall volumes.

Remote work and pandemic-induced requirements from the government related agencies forced lenders to pivot on a dime, making it entirely possible that compliance defects will have a larger share in future quarters, Nick Volpe, executive vice president of ACES Quality Management, says.

Homebuilder confidence slipped to a four-month low in January as firms became slightly less optimistic about sales against a backdrop of higher house prices and construction costs.

Mortgage applications decreased 1.9% from one week earlier as rising rates started to affect refinance activity, according to the Mortgage Bankers Association.