Origination

Growing home prices plus rising interest rates are putting a damper on mortgage lending, which pushes the market to seek out less qualified borrowers and increases the risk of fraud.

QRL Financial Services, the mortgage outsourcing division of First Federal Bank of Florida, is the latest investor to seek out better secondary market execution by purchasing electronic notes from correspondents.

Student debt continues to weigh down potential homebuyers, as the share of first-timers decreased for the third-consecutive year, according to the National Association of Realtors.

While all portions of mortgage credit underwriting standards have slipped since the early post-crisis period, it is the deteriorating conditions that most increases vulnerability for future loan quality, a Moody's report said.

A Queens, N.Y., man who helped defraud mortgage lending units at Bank of America, Chase Bank and AmTrust is now facing 21 months in prison and three years of supervised release.

Two Texas cities have landed at the top of a list of the country's hottest housing markets.

Despite rising mortgage rates and a dismal start to the fall, homebuilders in the Twin Cities are picking up the pace.

While the average down payment percentage of purchase price stayed mostly flat, the average dollar amount dropped 10% from the previous quarter, according to LendingTree.

Thousands of homeowners in San Francisco, Los Angeles and Chicago are headed out of town.

There was a 1.3% uptick in mortgage application defects in September from the previous month, with states affected by Hurricane Florence showing preliminary spikes in activity following the storm, according to First American.