Originations

Steady purchase demand still led to a positive August according to the Mortgage Bankers Association.

Recent rate movements have failed to result in significant purchase growth, but refinances are providing lenders some lift.

Purchases managed a small rise, but refinance activity held steady, according to the Mortgage Bankers Association.

About 85% of U.S. homeowners have interest rates below 6%, while a little over 50% of homeowners have a rate below 4%, Redfin's report said.

The 30-year fixed rate mortgage is lingering just shy of 6.5% level, which is not low enough to bring home purchasers back into the market, observers said.

While the total dollar volume of apartment originations fell last year, the number of companies making loans increased from 2022, the Mortgage Bankers Association said.

Nearly two-thirds of consumers in a July survey said they expect mortgage rates to decline soon, but most want to see them cross a very specific threshold before they act, Mphasis Digital Risk found.

Moderating interest rates in the first quarter led to changing fortunes from 2022 and 2023, a Transunion report said.

The country's renter population is dramatically outpacing the growth in homeowner households due to a multifamily construction boom that's limited price gains.

Market turmoil is driving the 10-year Treasury yield downward and taking mortgage rates with it, putting more borrowers in the money to refinance, Intercontinental Exchange said.

The lawsuit's conclusion ends fights by the rivals to depose each other's senior leaders.

Moderating price growth and higher wages are leading to affordability relief, according to the Mortgage Bankers Association.

But following the gross domestic product and personal consumption expenditures reports, Treasury yields and mortgage rates fell.

ACNB is acquiring Traditions Bancorp in an in-market deal where the latter's mortgage ops will add to its insurance and wealth management units.

The final rule governing the use of automated valuation models for home assessments is substantially similar to the initial proposal made last June.

Declining refinance activity offset the growth in government-backed purchases, the Mortgage Bankers Association said.

The bank acquired these business purpose non-qualified mortgage loans originated by Civic Financial Services in the PacWest Bancorp deal.

But economists seem to differ on what the latest movement in mortgage rates means for the summer home sales business.

The decline for the third consecutive week reflects investors' belief that the Federal Open Market Committee is likely to cut rates this year.

The partnership between personal finance platform Esusu and the National Rental Home Council has several of the trade group's members delivering payment data. They say that has helped result in over 85,000 originations across lending segments.