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Coming Up:
TransUnion: Mortgage Originations Near Record Low, Balances Hit Record High
In Q4 2022, originations fell 65% year over year, the largest decline since TransUnion began tracking it.
ATTOM: Foreclosure Activity Fell 10% In April
The 10% drop followed a 20% month-over-month increase in March.
Mr. Cooper Acquiring Home Point Capital For $324M
Adding $84B servicing portfolio; Home Point operations to shut down after deal closes.
Yun: Fed's Recent Rate Hike Was Unnecessary
NAR Chief Economist says he expects Fed to stop boosting rates.
May 10, 2023
Breaking News: FHFA Rescinds DTI-Based LLPAs
Federal agency said it will also issue Request for Input on the GSEs single-family pricing framework.
UWM Posts 2nd Straight Quarterly Loss
Pontiac, Mich.-based lender tops Rocket in originations for third-straight quarter.
Annual Inflation Dips To 4.9%, Lowest Rate In 2 Years
Consumer Price Index rose 0.4% in April from a month earlier.
CrossCountry Adds Team From Family First Funding
Christopher Keelin, a top-producing originator in N.J., brings his team of 80 to CCM.
Mortgage Applications Rose Last Week As Rates Fell
MBA says both its purchase and refinance indices rose as 30-year fixed rate fell to 6.48%.