Is First Direct a harbinger of things to come?

And there is significant price tiering in the market…

According to the offering circular, the average loan balance is $230,368 with delinquencies totaling 5.80 percent...

Tian Liu, chief economist at Genworth Mortgage Insurance, said homebuilders are starting to increase the supply of homes at somewhat lower price points, which could help increase purchases by first-time buyers.

The biggest factor in the small uptick was the significant growth in the two largest ABS portfolios in the industry...

A senior FHFA official said disputes over private mortgage-insurance pricing likely fall under the jurisdiction of state insurance regulators.

The top four lenders receiving the highest rate of “likes” and lowest rate of “dislikes” from real estate agents were all nonbanks: Fairway Independent, Movement Mortgage, Guild Mortgage and Guaranteed Rate.

Freddie said the strong labor market and years of pent-up interest are increasing demand for purchase mortgages.

Sen. Bob Corker, R-TN, said passing legislation this year “evidently is not going to happen” and his sense is that Fannie Mae and Freddie Mac will stay in conservatorship “for some time.”

PeerStreet was founded in 2014, reached a cumulative $500.0 million in originations this past September and recently surpassed $1.0 billion in originations.