Amilda Dymi

The program was previously available to first-time homebuyers only.

Applications for mortgages to purchase new homes decreased 8% in May compared to April, according to Mortgage Bankers Association data released Friday.

A significant number of lenders are submitting the data required by Home Mortgage Disclosure Act with formatting errors, according to a new study.

Economists and housing experts maintain that the housing crisis is long over, but many Americans beg to differ.

Bridget Michelle Clark, the founder of Homeowners Mortgage Enterprises died on May 25 after a prolonged illness. She was 54 years old.

National home price appreciation slowed for the fifth straight month in May, continuing a trend that's expected to continue into the summer selling season.

Ellie Mae, the mortgage technology vendor, has hired 20-year industry veteran Harry Gardner as vice president of electronic strategies.

United Bank of Glastonbury, Conn., has hired three experienced former Bank of America mortgage bankers in West Springfield, Mass.

Bankruptcy filings helped delinquent homeowners reduce the likelihood of a foreclosure auction by 70%, researchers have found.

The Rent Stabilization Association of New York, a landlord group, and Housing Partnership, a nonprofit, have jointly launched a brokerage to connect owners of small and midsize New York apartment buildings with banks and lenders.

The company says it avoids "the micro-managing practices" other lenders impose on branch managers and loan officers.

American Homes 4 Rent expects to net about $481 million from a previously disclosed securitization transaction.

Carrington Mortgage Services has opened its fifth retail lending branch in Virginia as part of its effort to originate more loans to borrowers with lower credit scores.

JPMorgan Chase said it will lay off more than 150 employees in its Garden City, N.Y., mortgage division, as part of a previously announced broader downsizing.

American Homes 4 Rent said that an affiliate will launch the offering of a securitization transaction by the end of this week.

Homeowners who had a single point of contact at their mortgage servicer were twice as likely to receive and accept a mortgage modification and half as likely to be denied a modification, according to Fannie Mae.

The quarter's revenue and profits could have been worse, according to CEO Sig Anderman, especially since "following the outage we experienced on March 31, we incurred forensic and consulting fees."

LRES has updated its DirectConnect platform designed to accelerate the valuation ordering process.

A new survey provides further evidence that continuing declines in mortgage origination volume have motivated lenders to ease credit standards.

As homeowners regain equity in their properties and interest rates continue to increase, equity-financed home improvements will likely become more attractive to borrowers than short sales, home purchasing or refinancing.