The losses were driven by negative asset marks and impairment of assets related to its soon-to-be-shut mortgage originations business.

The FTHB group now accounts for 45% of all buyers, up from 37% last year.

First-time homebuyers are once again finding success in the housing market, according to a Zillow report.

Lenders’ digitization efforts have helped improve consumer experience and reduce cycle time over the past two years, but have not been effective in bringing down costs, according to Fannie Mae.

MISMO is seeking feedback on a new application threshold decision model; mortgage industry consolidation continues apace; home price appreciation continues to ease.

The rating service said both technicals and fundamentals in the mortgage market appear more resilient to stress than in previous crises, while highlighting some vintage differences.

The ABS tied to loans to developing and growth-stage companies is Horizon Technology Finance’s second such deal to date.

The biggest change in the FHA portfolio was in the 30-days past due category...

Default rates on Fannie/Freddie loans continued to decline in the third quarter of 2022, while FHA-insured loans in Ginnie MBS pushed the overall Ginnie delinquency rate higher.

Freddie’s underwriting will include a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity.