Mortgages

February was the second consecutive month where lenders eased underwriting, although overall availability remains near record low levels, the Mortgage Bankers Association.

Many other organizations have turned to sales of this asset class in order to enhance cash flow or liquidity.

Prices in several cities came in more than 20% above what would be considered a sustainable level when compared to local economic factors, according to the rating agency's report.

The latest inflation news has created concern that the Federal Reserve's pivot on short-term rates could be delayed.

Loan volumes fell for the third straight week, with depressed demand for government lending driving activity downward, the Mortgage Bankers Association said.

A rate drop was a common concern for some servicers during the quarter, and Ocwen recently took a step aimed at better addressing this risk in the future.

The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.

While mortgage volume should rise this year, the government-sponsored enterprise expects slightly less activity than it did back in January.

The 30-year average rate got closer to 7% as central bank officials dashed near-term hopes of a cut, according to Freddie Mac.

Mortgage application activity had its largest decline in a year, according to the Mortgage Bankers Association.