Origination

Cleveland-area house prices rose at a faster pace in July, even as price growth cooled in other major cities and across the nation.

With hundreds of digital mortgage products on the market, lenders must focus on their core business objectives to avoid getting overwhelmed by all the bells and whistles, says Teresa Blake, managing director of business optimization at KPMG.

The senator’s bill to reform the 40-year-old law and expand housing investments could gain clout as Democrats look to pick up congressional seats and she eyes a presidential run.

Lower corporate tax rates weakened the incentive for developers to use the Low-Income Housing Tax Credit program, which could prompt affordable housing construction to fall by as much as 40% by 2022, according to data aggregator Reis.

The supply of single-family homes on the market continued to shrink in August and prices rose, the Greater Capital Association of Realtors reported.

Home-price gains in 20 U.S. cities grew in July at the slowest pace in almost a year, a sign demand is increasingly bumping up against affordability constraints.

The housing market is stalling, and homebuilder stocks are feeling the pain.

Real estate crowdfund lender Sharestates introduced a new program to provide financing to investors to purchase nonperforming mortgage loans.

Mid America Mortgage CEO Jeff Bode is on a mission to show reluctant title agents and other business partners the value of embracing digital mortgages.

USAA will be eliminating 265 home sales and lending positions, but it already has offered nearly 100 of the affected workers different jobs within its mortgage unit.