Mortgages

The researchers found that the disparities that emerged from the analysis of 1.8 million appraisals from 2019 and 2020 were statistically significant.

December's average balance for a mortgage to purchase a newly constructed property set an all-time high, the Mortgage Bankers Association's Builder Application Survey found.

The new offering’s loan structure is designed to hedge against digital currency's price volatility.

President Biden’s aspirations for aggressive forgiveness haven’t been fulfilled to date, but steps taken so far have lowered a key hurdle to entry-level homeownership.

The latest jobs and economic numbers pave the way for additional upward movement throughout 2022, analysts said.

The ruling overturns a summary judgment in a class action lawsuit filed by refinance customers between 2004 and 2009 in West Virginia over alleged inflated property values.

Increasing rates contributed to a sluggish pace for refinances, but the purchase market showed sustained strength.

The Federal Housing Administration has released a statement indicating it’s reviewing allegations by a group of 21 attorneys general that some mortgage companies failed to offer a modification option as required.

December's activity was down 18% from November, led by a 23% drop in purchase volume and a 17% decline in rate-and-term refinancings, Black Knight said.

The Duty-to-Serve goals currently under review drew some objections from a coalition of affordable housing groups last year.

Despite the rising number of COVID infections, investors made no moves that would apply downward pressure.

The Reserve Bank of Dallas data in housing prices hints at a so-called ‘episode of exuberance,’ but the central bank is a long way from sounding the alarm.

Mortgage performance in November was improving, coming close to crossing a key threshold for pandemic-era recovery, but Omicron raises questions about whether that trend will continue.

However, the serious delinquency rate dropped to a point significantly below the market-wide average, and much of the foreclosure activity allowed to proceed did so with new consumer protections in place.

With resources provided through the Homeowner Assistance Fund, the $1 billion plan will help cover homeowners’ past-due payments and comes after New York unveiled a similar assistance package earlier this month.

Recent existing home sales have been stronger than expected, but next year could see a market held back by the inventory shortage and higher rates.

The central bank’s new tone has many in the industry planning for potential volatility in 2022.

However, the unusual profitability residential finance firms have previously enjoyed, and a strong housing market, could help to sustain their bottom lines.

The Federal Housing Finance Agency found several comments that could lead to fair lending concerns in the “neighborhood description” section of reports.

Error findings related to income and employment reached a high point since Aces Quality Management started its report in 2016.