The nation’s second-largest residential mortgage lender based on 2022 originations has revived its conventional 1% downpayment mortgage product; FTC approaches court to stop ICE-Black Knight merger.
Home-equity originations declined 14.7% from the third to the fourth quarter. But compared to 2021, the sector was glowing with a 49.1% spike in originations in 2022. (Includes three data charts.)
Earnings generated by banks and thrifts through mortgage-banking activities fell again in the fourth quarter. Chase was among a handful of larger players to buck the trend, based on an analysis of call reports. (Includes data chart.)
Trade groups recommended VA establish a permanent partial claim program that allows servicers to combine a partial claim with a loan modification for borrowers that need to reduce their monthly payments.