Origination

Home sales in greater Hartford slowed in May — in the thick of the spring home buying season — and prices paid slipped, after three straight months of encouraging gains, a new report shows.

The Consumer Financial Protection Bureau has dropped its investigation into allegations that Zillow Group Inc. violated Section 8 of the Real Estate Settlement Procedures Act.

Mortgage debt outstanding remains below pre-crisis levels and home equity is growing, even as overall consumer debt is on pace to surpass its previous 2008 peak by $1 trillion, according to LendingTree.

An appeals court has rejected claims by a Washington state housing finance agency that the National Homebuyers Fund is limited to operating in California.

Purchases of new homes advanced in May to a six-month high as sales in the South increased to the fastest pace since 2007, according to government data.

Since the bottom of the housing market in 2012, home prices have increased 75% but wages have only increased 13%.

The Southern California median home price surged 8.2% in May from a year earlier, hitting a new all-time high of $530,000, according to a report from CoreLogic.

House sales posted big gains in New Mexico from May 2017 to May 2018, showing a 28% increase.

The share of consumers confident that it wouldn't be difficult to obtain a mortgage in the current market shot up 10% from a quarter ago, according to the National Association of Realtors.

Startup Block66 is using blockchain to create a mortgage audit trail for fraud prevention purposes and also plans to enable trading of securities lenders can use to increase their liquidity.