Mortgage Firms Report Rising Originations
Multiple residential lenders have recently reported strong mortgage originations. Some have touted all-time high quarterly activity, while monthly records were announced by others.
Mortgage Credit Eases, Further Loosening Likely
For the third month in a row, credit conditions in residential lending have loosened -- a trend that is likely to continue given recent events.
Trump Makes Carson HUD Secretary Choice Official
The president-elect has made official his choice to run the Department of Housing and Urban Development. Unlike some of his recent predecessors, the pick has no housing experience.
Quicken Lobbyist Named to Trump Transition Team
A Quicken Loans Inc. executive who until recently was registered as a lobbyist for the firm has been named to President-elect Donald J. Trump's transition team.
Monthly HECM Production Diminishes
Government-insured reverse mortgage production retreated last month, though there were a few large producers that were able to lift volume.
2017 FHA Loan Limit Raised
|New Mortgage Business Recovers From Holiday
As expected, new home-lending activity bounced back from the holiday week. Refinance and adjustable-rate business were the biggest beneficiaries, while jumbo activity took the biggest hit.
Following last week's escalation in the conforming loan limit, the limit on mortgages insured by the Federal Housing Administration has been increased.
Former Net Branch Giant Loses FHA Lawsuit
The government has won a lawsuit against a former net branch mortgage giant that will cost the firm and its chief nearly $100 million.
Rise in Refis Offset by Drop in Purchases, HELOCs
An increase the number of quarterly refinances was more than offset by a decline in purchase-money and home-secured credit line volume.