Scaling from Freelancer to Business Owner

Bids were due last week for the portfolio of so-called jumbo mortgages from US homeowners with relatively high credit scores. View the full article

The average size of purchase applications fell below the $400,000 mark, reflecting first-time home buyer interest, the Mortgage Bankers Association said. View the full article

A coalition of national financial organizations filed a friend-of-the-court brief for preemption after regulators filed one against it in a key servicing case. View the full article

The average American must earn almost $117,000 a year in order to afford a median priced property as prices keep rising, a Bankrate analysis found. View the full article

The underlying prime mortgages have an average balance of $358,024, a weighted average (WA) original FICO score of 776, an original cumulative loan-to-value (LTV) ratio of 73.6%. View the full article

Lenders increased offerings in jumbo and non-QM segments as the industry focuses on customers with strong credit, the Mortgage Bankers Association said. View the full article

Texas Capital is arguing against summary judgment, saying prior assertions about reverse mortgages' initial and subsequent draws need to be examined in court. View the full article

The average purchase loan size hit a four-month high of $447,500 as fewer home shoppers are applying for government-backed mortgage products. View the full article

Excess cash flow will pay timely interest and protect against realized losses in the rated certificates before being paid out to the class X notes. View the full article

Contract closings in January decreased 4.9% to an annualized rate of 4.08 million, data released Friday by the National Association of Realtors show. View the full article

The Community Home Lenders of America wants streamlined regulations for smaller independent mortgage bankers from the Bureau, including on compensation. View the full article

As the 30-year fixed-rate declined by almost 20 basis points, borrowers took advantage, boosting rate-and-term transaction volumes, Optimal Blue said. View the full article

The Fannie Mae Home Purchase Sentiment's February drop is looking like a precursor for what might be a difficult 2025 Spring homebuying season. View the full article

Origination volume at the San Diego-based company rose 57% to $24 billion in 2024. View the full article

Sen. Mike Rounds, R-S.D., has filed a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau's rule barring medical debt from credit reports. View the full article

Many layoffs so far have been in the Small Business/Self-Employed Division, but the Large Business & International Division has also been affected. View the full article

Issuances fell in January for residential and multifamily segments, as concerns over available workers and future tariffs came to the fore. View the full article

The credit score simulator only uses the Classic FICO scorecards available at each of the repositories, not the most up-to-date version, FICO 10T. View the full article

The automation provider plans to unveil functionality at its upcoming user conference aimed at improving new loan boarding and investor reporting processes. View the full article

The new tool taps into Intercontinental Exchange's AllRegs database, which contains over a million pages of guidelines from various sources. View the full article

Treasuries surged and investors boosted their bets on Federal Reserve interest-rate cuts Monday as fear of a economic slowdown took hold across US markets. View the full article

With views of current finances among the poorest Americans already near the lowest in 14 years, tariffs are set to add more pressure by making many everyday items even pricier. View the full article

Understanding the difference between an equity and mortgage REIT is vital, as these two types of REITs serve distinct purposes within the real estate market. View the full article

Other trackers like Zillow and Lender Price on Thursday morning have the 30-year fixed moving higher, following a jump in the benchmark 10-year Treasury yield. View the full article