September Mortgage Credit Availability Up 1.5%

Mortgage credit availability increased for the third straight month in September to its highest level in five months, the Mortgage Bankers Association reported Tuesday.

Industry Briefs Aug. 27, 2021: Home Lending Pal Raises $2M

The Mortgage Collaborative, San Diego, announced the TMC Emerging Technology Fund LP led a pre-Series A investment round in Home Lending Pal, a technology-enabled marketplace that focuses on fair lending practices.

Industry Briefs Aug. 23, 2021

Fannie Mae, Washington, D.C., revised its full-year 2021 real GDP growth forecast modestly downward due in part to the expectation that COVID-related disruptions to consumer spending and supply chains will more greatly hinder economic activity in the second half of the year than previously forecast.

Millennial Homeownership Increases as Credit Loosens

ICE Mortgage Technology, Pleasanton, Calif., said the number of purchase loans closed by millennials in May jumped to 67%; for younger millennials, the percentage was even higher (82%).

Industry Briefs June 15, 2021

The Federal Housing Finance Agency issued a Request for Input on executive compensation at its regulated entities: Fannie Mae and Freddie Mac and the Federal Home Loan Banks.

ICE: Time to Close Falls 4th Straight Month

ICE Mortgage Technology, Pleasanton, Calif., issued its Origination Insight Report for April, showing average time to close on all loans fell for the fourth consecutive month to 51 days.