Origination news
Purchases of new homes rebounded in October from a 14-month low and order backlogs reached an eight-year high, indicating a pickup in residential construction.
A recent CFPB action against a payday lender demonstrates why lenders across industries must disclose both the best and worst case repayment scenarios to consumers.
The Federal Housing Finance Agency said Wednesday that conforming loan limits for mortgages purchased by Fannie Mae and Freddie Mac will remain at existing levels except in 39 high-cost counties.
Mortgage professional hiring and new job appointments for the week ending Nov. 27.
Mortgage applications fell 3.2% on a seasonally adjusted basis for the week ending Nov. 20 compared to one week earlier, according to the Mortgage Bankers Association.
Home prices rose 5.7% in the third quarter from a year earlier as buyers competed for a tight supply of properties on the market.
Bryan Sullivan, the CFO at LoanDepot, talks about its growth prospects without fuel from an initial public offering, how getting consumers to opt for home equity lines of credit is tough, and why he considers the nonbank a disruptor.
Rising incomes and other affordability markers have tempered the impact of rising home prices in hot West Coast markets, according to Pro Teck Valuation Services.
Quicken Loans, the company that showed a mortgage business can operate successfully without face-to-face interaction with borrowers, is now giving customers the option to work without human loan officers.
Home prices in 20 U.S. cities climbed more than forecast in September from the same month last year, signaling residential real estate is sustaining momentum.
Current market conditions have caused existing-home sales capacity to recede in October, according to a report by First American Financial Corp.
The new mortgage settlement requirements have failed to disrupt the market as expected, at least as far as real estate agents are concerned, thanks in large part to diligent preparation.
Zillow Group has formed a partnership with Google to provide the search giant with access to its real-time mortgage data.
Sales of previously owned homes retreated in October from the second-highest level since 2007 as lean inventory limited momentum in residential real estate.
People's United Financial in Bridgeport, Conn., has dismissed three employees in the wake of alleged fraud on commercial real estate loans.
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