Don’t miss the HousingWire Annual Remix on Oct. 20

With how important and critical information is in the current housing environment, we’re excited to share these session highlights from HousingWire Annual in Scottsdale, Ariz. with you through this free virtual event. The HousingWire Annual Remix includes replays of the top sessions at the event like the fireside chat with

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Planet Home Lending volunteers fight hunger

The Howard County Food Bank in Columbia, Maryland, gained valuable volunteers and donations from Planet Home Lending as the organization partnered with Farmlink to deliver farm-fresh produce to the food bank. Volunteers from Planet Home Lending didn’t just donate canned goods and other grocery items — they got their hands

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Home price growth decelerated in Q3

As mortgage rates rose and housing inventory increased, home price growth decelerated in the third quarter of 2022, according to the Fannie Mae Home Price Index (FNM-HPI) released Monday. The FNM-HPI found that home price growth was at an annualized rate of 13.2% in Q3 2022, down from 19.1% in

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Freddie Mac to include bank account data as part of underwriting

Freddie Mac today announced it will include a review of borrowers’ bank account data to identify a history of positive monthly cash-flow activity as part of its loan purchase eligibility assessments, according to a release shared with HousingWire. The organization says this move is intended to increase homeownership opportunities, and

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Forbearance rate declines again, but the pressure’s coming

Servicers’ forbearance rate declined marginally again in September, the Mortgage Bankers Association (MBA) reported Monday. But the trade group expects pressure in the coming months due to the worsening economic conditions and the destruction caused by Hurricane Ian.  The total number of loans in forbearance decreased three basis points from

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Rocket Pro TPO offers new tech options for correspondent partners

Rocket Pro TPO, a division of Rocket Mortgage, launched a set of new tools this week for non-delegated correspondent lenders. Through the program, the homebuyer uses Rocket Pro TPO’s digital client portal to apply, submit documents and e-sign. Rocket then generates loan estimates, closing disclosures and final closing documents to

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Bank of America’s mortgage production declines 40% in Q3

Bank of America delivered increases in revenues and net income in the third quarter of 2022, showing that some of its business lines were not walloped by high levels of inflation and economic contraction. That was not the case for the depository lender’s mortgage business.  Overall, the bank recorded $7.1

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