An increase in the share of minorities working as loan originators could boost approval rates for loan applications by minority borrowers, according to findings from two new studies.
For the full year, the REIT's profit totaled $21.1 million. Its assets increased to $2.57 billion at Dec. 31, compared to just $509.6 million at yearend 2020.
Fannie economists demonstrate that mortgage expenses only account for about 30% of homeownership costs, with g-fees accounting for just a small fraction of that.
With interest rate trends pushing the mortgage industry toward a down cycle, nonbanks reported a decline in fourth-quarter earnings. Margins remain a hot topic among the biggest players in the market. (Includes data chart.)
Finance of America had more than $1 billion of goodwill at the end of September. In the fourth quarter, the company determined its stock price was too low to recognize the benefit, prompting a massive loss.