Origination news
NMI Holdings lost $2.5 million in the first quarter, an improvement over a first-quarter 2015 loss of $7.8 million, which is a sign the private mortgage insurer remains on track to become profitable later this year.
Yet again, the Portland-area real estate market posted the country's largest annual gains in home values February — the fifth consecutive month it did so and the fourth straight outright, according to the monthly Standard & Poor's Case-Shiller home price index.
An across-the-board increase in mortgage interest rates accompanied a decline in loan applications, according to the Mortgage Bankers Association.
More Americans than forecast signed contracts to purchase previously owned homes in March, an encouraging sign as the housing market was entering its busiest selling season of the year.
Large lenders are pushing the Federal Housing Administration to revamp its loan defect taxonomy to provide more certainty about potential errors and mistakes that could lead to enforcement actions.
You may spend thousands of dollars on closing costs when you buy a house, but as you should expect, scammers want that money, too, and might try to fool you into handing it over.
Federal Savings Bank in Chicago has acquired the assets of ICC Mortgage Services in Westbury, N.Y.
Flagstar Bancorp reported an increase in net income during the first quarter, mainly on higher interest income and a larger release of loan loss reserves.
The lack of available housing throughout Southern California is catching up with the Inland Empire, a new report suggests.
Borrowers continue to get smarter about the mortgage process, but from questions about closing costs to the minimum down payment and credit score needed to qualify, there's still a lot that can keep consumers confused during the origination process, or worse, on the sidelines of the market entirely.
Home prices in 20 U.S. cities rose less than forecast in February from a year earlier, which bodes well for prospective buyers.
More homebuyers are using social media to find out information about mortgage products and services, TD Bank reported in its Mortgage Service Index.
The courts would not be getting involved in defining the reach of the Consumer Financial Protection Bureau if the architects of the agency had instituted a commission to oversee it.
Apartments are getting more expensive. Money is cheap. Banks are easing credit standards. Consumers are feeling confident.
Home prices continue to make steady increases but are still off from their 2006 peak, according to Black Knight Financial Services.
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