Lending and Originations

President Biden has issued his budget for 2024, featuring a suite of funding and tax credit proposals aimed to tackle the nation’s housing affordability crisis.

Mortgage rates continued their upward trajectory, with potential buyers facing affordability and low inventory issues as the spring home buying season begins to ramp up.

After three weeks of consecutive declines, mortgage application volume took a sudden turn upward this week, despite mortgage rates nearing the 7% mark.

In a letter to President Joe Biden, Sen. Sherrod Brown, Chair of the Senate Banking Committee, has requested that the Administration utilize a “whole-of-government” approach to address housing affordability nationwide.

A new white paper from Black Knight examines how artificial intelligence and machine learning has been subject to concern by regulators and other stakeholders, and how mortgage industry managers and executives can benefit from their usage.

Donation to the Appraiser Diversity Initiative will address the lack of racial, ethnic, and gender diversity in appraisal field.

Continued economic growth and a rise in inflation have helped push mortgage rates up for the fourth consecutive week, making it difficult for potential buyers to jump into the purchase market.

According to a new ATTOM report, mortgage lending declined to its lowest point in nearly nine years in Q4 2022, while purchase loans decreased an estimated 26%.

The rate at which homes change hands is down from its 2020 peak but has overall doubled in the last few decades due to insufficient housing.

Overall mortgage application volume fell 5.7% week-over-week, with homebuyers again retreating to the sidelines as a spike in mortgage rates hampered affordability.