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Smith joined the bank in January after serving as president of Keller Home Financial Services and heading Citi's U.S. mortgage business.

The top five lenders have a combined residential portfolio volume of more than $900 billion at the end of Q1 2023.

Applications to build increased, suggesting residential construction is on track to help fuel economic growth.

Alimited supply of existing homes continued to spark interest in new construction, the National Association of Home Builders found.

Decision-making algorithms powered by machine learning are seen as the next frontier for a more nuanced approach to mortgage decisions but skeptics worry this will just be a new way to discriminate.

The government-sponsored enterprise's chief executive managing the issue is looking at how things like roof pitch can mitigate the impact of natural disasters on homes.

The legislation makes a temporary policy that more than 1,500 distressed homeowners have used a long-term legal requirement, according to RIHousing.

The Consumer Financial Protection Bureau decided to move forward with its proposal based on feedback to an earlier request for input.

While home sales should remain constrained this year because of higher rates, growth in the entry-level market has far outpaced that for above-median income families.

Carrington Mortgage Services and its vendor also face three new federal lawsuits, which claim the number of customers impacted in their incidents exceeds 3 million clients.