Originations

Housing starts rebounded in June on apartment construction

Homebuilders, Housing Inventory, Originations / Ricky Vasquez

US housing starts rebounded in June on the strength of multifamily building, while weakness in the larger single-family market pointed to ongoing struggles with bloated inventories and affordability constraints. New residential construction increased 4.6% to an annualized rate of 1.32 million homes last month, picking up after an almost 10% slide in May, according to […]

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Former mortgage loan officer faces fraud, forgery counts

Fraud, Industry News, Originations / Ricky Vasquez

An Indiana loan officer faces a dozen felony counts after being accused of altering borrower information while working as an originator for two different lenders. State officials filed charges against Laura Mickler in Delaware County circuit court, located in the Central Indiana town of Muncie, in early July. She faces four felony counts each of

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Wells Fargo sued for not disclosing fees during loan origination

Industry News, Law and legal issues, Originations / Ricky Vasquez

A California borrower is accusing Wells Fargo of concealing for more than a decade that it improperly charged customers certain origination-related fees. The issue surfaced in 2022 when the bank sent “cryptic notices” to borrowers stating it had incorrectly assessed float fees during the loan origination process, according to a federal lawsuit filed in California

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Blend, after Title365 sale, expands partnership with Doma

MARKETING TO BORROWERS, Mortgage technology, Originations, Underwriting / Ricky Vasquez

A little more than a month after it agreed to sell all of Title365 to Covius Services, Blend Labs is entering into “an expanded partnership” with Doma to use its artificial intelligence-powered instant decisioning technology. “This partnership with Doma reinforces our core focus: delivering innovative, software-driven solutions that create real value for our customers,” said

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FICO challenges FHFA’s VantageScore decision

Credit scores, Originations, Politics and policy, Secondary markets, Underwriting / Ricky Vasquez

The FHFA’s nod to VantageScore 4.0 — and silence on FICO’s rival 10T model in a recent X post — has reignited a bitter fight over the future of mortgage credit scoring. A B of A Global Research report dated July 11 on the agency RMBS market pointed to the imprecise language in the post

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Home purchase applications fall after prior week’s surge

Mortgage applications, Originations / Ricky Vasquez

US mortgage applications to buy a home declined last week to the lowest level since late May as borrowing costs remained elevated. The Mortgage Bankers Association’s index of home-purchase applications slumped 11.8% in the week ended July 11, data from the group showed Wednesday. While that marked the biggest drop since 2022, it followed a

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How a DOGE-cut employee became a full-time mortgage broker

CAREER & COMPENSATION, Career moves, Mortgage brokers, Originations / Ricky Vasquez

Ryan Alexander was on a cruise with his family when he received news he already felt in his bones was coming: the Department of Government Efficiency cut the project he was working on via his consultancy firm. He was officially out of a job. Though the news was jarring, Alexander’s family rallied around him—and encouraged

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Delinquency risk leads to less credit for borrowers

Foreclosures, Housing markets, LOAN PRODUCTS, Originations / Ricky Vasquez

Mortgage lenders tightened their offerings in June in what could be a sign of greater difficulty for borrowers looking to get into a new home. New data from the Mortgage Bankers Association showed less credit on offer in June, the first decrease since late 2024. The trade group’s Mortgage Credit Availability Index, which tracks loan

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Chase’s lower 2Q margins a negative for IMB earnings

Earnings, LOAN PRODUCTS, Originations, Secondary markets, Servicing / Ricky Vasquez

Lower gain on sale margins at JPMorgan Chase could be a negative sign for independent mortgage banker results in the second quarter, a Keefe, Bruyette & Woods report said. The drop in margins at both Chase and Wells Fargo came even as origination volume rebounded at both banks. It was up 44% from the first

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Caution signs appear as home price depreciation spreads

Home Prices, Housing markets, MARKETING TO BORROWERS, Originations / Ricky Vasquez

In June, home price growth cooled to its slowest pace in two years, with over a quarter of top U.S. markets posting annual price depreciation, according to the latest data from Intercontinental Exchange. The rate of annual growth decelerated to 1.3% across the country in June, falling from 1.6% a month earlier, ICE’s mortgage technology

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Housing starts rebounded in June on apartment construction

Former mortgage loan officer faces fraud, forgery counts

Wells Fargo sued for not disclosing fees during loan origination

Blend, after Title365 sale, expands partnership with Doma

FICO challenges FHFA’s VantageScore decision

Home purchase applications fall after prior week’s surge

How a DOGE-cut employee became a full-time mortgage broker

Delinquency risk leads to less credit for borrowers

Chase’s lower 2Q margins a negative for IMB earnings

Caution signs appear as home price depreciation spreads

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