Mortgage origination volume was up in all three major production channels during the second quarter of 2014, with a slight shift in market share toward the retail channel as well as to brokers, according to a new Inside Mortgage Finance analysis and ranking.
The first-time homebuyer share of purchase-money mortgages differs a great deal across the states, and house price growth may have something to do with it, according to a new study by the Federal Housing Finance Agency. FHFA researchers looked at first-time buyer activity from 1996 to 2013 and how it is affected by nationwide house-price trends. They found a symbiotic relationship that may or may not be beneficial to first-time homebuyers, depending on ...
An overwhelming majority of prospective homebuyers believe purchasing a home is a good investment decision, but many of them “haven’t done the math” and feel overwhelmed by the amount of information that have to contend with, according to a new Discover Home Loans/Versta Research poll. Five years after the Great Recession, most participants generally had positive views and expectations about their upcoming participation in the housing and mortgage markets ...
A ranking of the top 50 lenders in terms of third-party originations, based on agency mortgage-backed securities issued in the first half of 2014. Includes break-outs by lender for Fannie Mae/Freddie Mac, Ginnie Mae, correspondent and broker.
Multiple news organizations reported on Wednesday that Bank of America and the Department of Justice are on the verge of agreeing to a settlement valued in excess of $16 billion that would bring to a close mortgage claims stemming from the lead-up to the financial crisis.
The Consumer Financial Protection Bureau and 25 states filed amicus briefs in a case pending before the Supreme Court of the United States, Jesinoski v. Countrywide Home Loans Inc., that could resolve a circuit split over the recession of a mortgage under the Truth in Lending Act.
Mortgage origination volume was up in all three major production channels during the second quarter of 2014, according to a new Inside Mortgage Finance analysis and ranking. Retail originations remained the biggest source of new business, accounting for 61.0 percent of second quarter production. Total volume in the channel – which includes consumer-direct lending and traditional branch-office production – increased by 27.7 percent to an estimated $180 billion during the second quarter. Retail’s increase was higher than the overall 25.5 percent growth in total originations, nudging its share of the market slightly higher. Third-party originations were...[Includes four data charts]