Lending and Originations

New research from the CFPB revealed that when consumer reporting companies and furnishers fail to investigate disputed information, consumers are left paying higher interest rates and face greater difficulty finding housing, employment, and more.

According to the latest Quarterly Mortgage Bankers Performance Report, IMBs and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan they originated in Q3 of 2022, down from a reported loss of $82 per loan in Q2 of 2022.

Redfin reports investor home purchases dropped 30% in Q3 2022, the largest decline reported since the Great Recession aside from Q2 2020, at the outset of the pandemic.

Janina “Gigi” Woods of Planet Management Group discusses the factors investors must consider in this rapidly changing economic environment.

Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September.

Despite the decline in rental costs nationwide, affordability remains a concern among most tenants.  

Phil King of EXOS Valuations at ServiceLink discusses how technology has advanced the appraisal industry, and what lies ahead for the market in the next year.

Rep. Maxine Waters, Chair of the Financial Services Committee, said HUD's draft solicitation could have a “negative impact” on the nation’s supply of affordable housing options.

A new analysis from LexisNexus examines the increase in costs for originators, servicers and settlement firms related to mortgage-related fraud costs.

Looking to address the need for more affordable housing options, the FHFA will require that at least 50% of the GSE’s multifamily business be mission-driven affordable housing.