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By spring 2023 home price growth will sink below year-ago levels

National Mortgage
Mortgage Finance
3 years ago

Annual home price movements could move into negative territory by next spring, but then turn around and post year-over-year growth,.. Read More;

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Potential future GSE loan lates reach high in 3Q

National Mortgage
Mortgage Finance
3 years ago

Continued inflation growth and rising interest rates mean that a record high share of conforming mortgages originated in the third,.. Read More;

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Mortgage fintech Tomo rolls out real-time pre-approval

National Mortgage
Mortgage Finance
3 years ago

Tomo, a Connecticut-based fintech, launched a real-time underwritten mortgage loan pre- approval, which should spit out a credit decision in,.. Read More;

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2022 originations make up 60% of underwater mortgages: Black Knight

National Mortgage
Mortgage Finance
3 years ago

 One in 12 purchase mortgages originated in 2022 is now underwater, as the downturn in home prices over the past,.. Read More;

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Home Point Capital completes $6 billion Ginnie Mae servicing sale

National Mortgage
Mortgage Finance
3 years ago

Home Point Capital has completed the sale of $6.08 billion in mortgage servicing rights to an approved Ginnie Mae issuer,,.. Read More;

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The controversy around Ginnie Mae's new capital requirements explained

National Mortgage
Mortgage Finance
3 years ago

Ginnie Mae's updated capital requirements affect both banks and nonbanks, and many believe that the new requirements are not manageable,,.. Read More;

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CFPB seeks to limit banks' ability to collect on delinquent HELOCs

National Mortgage
Mortgage Finance
3 years ago

The Consumer Financial Protection Bureau is taking the position that banks cannot secure repayment on certain home equity lines of,.. Read More;

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Home sellers are pulling properties off the market at record pace

National Mortgage
Mortgage Finance
3 years ago

A record number of homes are being delisted as sellers face a sharp drop in demand, according to real estate brokerage Redfin.On average,,.. Read More;

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FHA loan limit set to surpass $1 million in priciest markets

National Mortgage
Mortgage Finance
3 years ago

The Federal Housing Administration on Thursday unveiled 2023 limits for loans it guarantees, with the maximum amount surpassing $1 million,.. Read More;

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Mortgage jobs drop to a two-year low

National Mortgage
Mortgage Finance
3 years ago

Estimates for the number of people employed by non-depositories in the mortgage business fell to levels last seen 24 months,.. Read More;

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Achieve closes rare HELOC securitization

National Mortgage
Mortgage Finance
3 years ago

Achieve announced that it has closed on a rated $175 million securitization of fixed rate, amortizing, home equity lines of,.. Read More;

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Minorities increasingly denied home loans due to their debt burdens

National Mortgage
Mortgage Finance
3 years ago

Rising interest rates are creating heavier debt burdens for all would-be borrowers today, but they're also disproportionately harming debt-to-income levels,.. Read More;

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