Mortgage applications rise timidly during Thanksgiving week
Lower mortgage rates have brought increased mortgage demand. Total home loan applications increased 0.3% for the week ending Nov. 24 compared to the...
The homebuilders’ war for market share fueling the economy
When market players say housing leads us into a recession, it traditionally means theFederal Reserve raised rates too much, housing slowed down as...
Are reverse mortgages for purchase a ‘sleeping giant?’ Pros are split
According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion...
Reverse mortgage volume, HMBS issuance fall slightly in January
With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off...
HUD to double servicer fee on assumable mortgages
The U.S. Department of Housing and Urban Development (HUD) announced on Monday morning an extension to Ginnie Mae’s digital collateral program and an...
November sees the lowest level of new home sales in a year
New home sales fell month-over-month in November to their lowest level since last November. But despite this dip, 2023 is poised to be...
Weekly mortgage applications pick up but remain subdued: MBA
Both purchase and refinance applications increased to their highest weekly pace in five weeks after mortgage rates logged the largest decline in a...
CoStar poised to acquire UK-based residential portal OnTheMarket
CoStar Group, the parent company of real estate data giant CoStar, has made an offer to acquire OnThe Market, the third most visited...
Change Lending keeps CDFI certification after agreement with US Treasury
Non-bank originator Change Lending will continue to originate non-qualified mortgages (non-QMs) for underserved borrowers after it reached a tentative deal with the U.S....
Ginnie Mae contends TCB can’t rely on alleged verbal promises in lawsuit
Since the original filing of a lawsuit about the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage...
