Origination

Most millennials are purchasing fixer-uppers in order to afford a house, with 75% planning to finance renovations by tapping the equity in their home, according to a Chase Home Lending report conducted with Pinterest.

Maui single-family home prices surged in October, but sales retreated and the condominium market was down.

Ginnie Mae officials are concerned about unusual activity with Department of Veterans Affairs cash-out refinances and are investigating the causes, as well as whether predatory lenders are taking advantage of veterans.

North Texas home sales dropped in October — the third month in a row that preowned house purchases in the area were below year-ago levels.

More veterans are turning to Department of Veterans Affairs loans to buy a house as the number of purchase mortgages shot up 59% compared to five years ago.

If falling volume and rising costs weren't bad enough for nonbank mortgage lenders, an extended run of tight gain-on-sale margins is further eating into their profits.

Rising home prices and climbing mortgage rates pulled down affordability to the lowest point since before the housing market crash.

The number of homes sitting unsold in King County has doubled in the past year as buyers continue to retreat from the once-hot market — pushing prices in the city of Seattle down even further.

Nov. 07--Alabama just misses out on the top ten among states with the nation's lowest total mortgage debt.