Mortgages

Cash offers are taking priority in the Boise, Idaho, area, shutting out homebuyers who need a conventional mortgage.

Mortgage applications increased 16.7% from one week earlier to their highest level in 10 months, although rates rose in expectation of additional government pandemic relief, according to the Mortgage Bankers Association.

After doubling its valuation in five months, Blend plans to use its latest funding to strengthen its digital lending experiences for banking and mortgages.

Changes in rules related to repayment options and refinancing criteria have complicated servicers’ lives, but otherwise this crisis hasn’t been as bad as that of 2008, a Fannie Mae survey finds.

Commercial real estate portfolios have held up better than expected during the pandemic. But rising delinquencies and fears of a delayed economic recovery are renewing questions about credit quality.

Sen. Sherrod Brown, D-Ohio, said elevating affordable housing issues, examining the financial system through a climate and racial justice "lens," and holding banks accountable for their impact on consumers will be among his priorities.

The company aims to make financed home purchases more competitive with cash offers by creating a faster mortgage process.

But will the company's second attempt to go public come to fruition in a market where two lenders already put their offerings on hold?

While distressed mortgage rates continued the fall’s short-term slide, serious delinquencies are three times higher than the year-ago total, according to CoreLogic.

The funding will be used to continue developing the automation Brace provides for distressed loan servicing and other related services.

Bon Salle joins Home Point as the Ann Arbor, Mich.-based nonbank mortgage lender plans to go public.

The deal will add to SitusAMC’s tech suite, making the connection between loan originators and lenders more efficient.

For some, including National MI and Essent, the improvement is taking place faster than expected.

The volume of Ginnie securities issued in December marked the first time more than $80 billion has been issued in a month.

Rhode Island Housing and Mortgage Corp. is coming off its inaugural social bond issuance.

For eight years after the Great Recession, home prices in metro Atlanta climbed steadily but slowly. Since mid-summer, they have been soaring.

The company is following in the footsteps of Michigan-based rivals Rocket Cos. and United Wholesale Mortgage.

Fitch and Trepp reported that overall commercial mortgage-backed security delinquencies were down, while the MBA reported a slight increase.

The estimates in the Bureau of Labor Statistics latest numbers were only marginally higher than the previous month, which may reflect more deliberate hiring and a preholiday slowdown.

The agency that supervises Fannie Mae and Freddie Mac has pushed for revising an agreement with the Treasury Department allowing the mortgage giants to retain their profits. A deal could be out of reach once Joe Biden takes office.