Lock volumes were down 22% in April, with cash-out refinance locks declining 21% and rate/term refinance locks taking a 28% tumble, according to new data from Black Knight Inc. (NYSE:BKI). Purchase locks accounted for more than 87% of locks in April, the highest share...
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) spiked by 5.5 points in April to a level of 66.8, its highest level since May 2022. All six of the HPSI’s components increased from March and April, most notably in regard to whether this is a...
The U.S. title insurance industry generated $21 billion in title insurance premiums during 2022, a 16% decrease compared to 2020, according to new data from the American Land Title Association (ALTA). During the fourth quarter of 2022, title premium volume totaled...
Clayton, the manufactured home building division of Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A), announced it will start production on residential manufactured homes that meet U.S. Department of Energy (DOE) Zero Energy Ready Home specifications by January 1,...
The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is making an additional $7.2 million in AHP Homeownership Set-aside Program funding available through its members. Under this initiative, eligible borrowers will be able to apply for up to $15,000 to help them...
Republic First Bancorp, Inc. (NASDAQ: FRBK), the Philadelphia-headquartered holding company for Republic First Bank d/b/a Republic Bank, announced it is shutting down its mortgage origination business. “Republic Bank will exit its legacy mortgage origination...
