Originations

Changes in the Fed, including the replacement of Jay Powell as chairman, might shift the board back to a dovish economic position.

Increased purchase activity countered a slowdown in refinance applications, which were impacted by rising rates.

However, economic data points to likely future increases, with investors awaiting numbers from upcoming jobs report.

In its initial message to the new head of the Consumer Financial Protection Bureau, the Community Home Lenders Association reiterated its call to require depository loan officers to be licensed.

Both third-party lenders will purchase conforming loans with balances of $625,000 — 14% higher than the current limit — in anticipation of regulators' action.

While PLS loans still represent a sliver of the overall mortgage market and are nowhere near the $1 trillion level seen before the Great Recession, issuance jumped markedly this year.

Taper announcement, slowing COVID cases help remove downward pressure, leading to increases across all loan-term types.

The proposal calls for a 20-year mortgage with Ginnie Mae and Treasury participation, but critics suggest that other measures would be more effective in bridging the gap in home equity.

The filing by Tamara Richards also accused the founder and other execs of encouraging a "frat house" environment that mistreated women.

The need to size up the impact of hurricanes and pollution is increasing and current measures aren’t as precise as credit or rate models, according to the Research Institute for Housing America.