Inflationary pressures and limited housing supply are making it difficult for millennial and Gen Z renters to afford first-time homeownership.

New enumerators will go into effect in CRT remittance files and loan performance data Oct. 25.

The fintech that promised to smooth out borrowers’ home transitions with cash offers and “sell before you buy” financing has shut shop, citing market conditions and difficulty raising capital.

Home prices depreciated in July; foreclosure starts near pre-pandemic levels in August; mortgage rate locks continued downward trend in August; applications for mortgages on second homes fall to pre-pandemic levels; Experian allowing renters to boost their credit scores.

August marked the lowest monthly output of agency single-family mortgage-backed securities since June 2019.

Nonbank mortgage lenders support a recent decision by the Nonbanks Heartened by the Federal Housing Finance Agency to conduct a comprehensive review of the Federal Home Loan Banks.

Regulatory changes in response to the financial crisis of 2008 appear to have incentivized big banks to increase their focus on jumbo mortgages, according to researchers at the Federal Reserve Bank of New York.

The lender aims to fund $1 billion to Black homebuyers by year-end 2023.

Investors that once focused on lower tranches of non-agency MBS are shifting up in credit, seeing just as strong returns from AAA-rated tranches with fewer risks. Investors in agency MBS are also changing strategies as interest rates rise.

When it comes to the non-QM market, PIMCO likes to keep a low profile. This summer, it appeared the firm was sitting on the sidelines as a buyer. And now? Looks like the wallet is out again.