Origination

While the West Coast still reigns as the epicenter of technology development, the Detroit area has quietly emerged as a proving ground for digital mortgage innovations.

Home sales in Northeast Florida perked up in March after a slow start to the year while prices also increased, according to the latest report from the Northeast Florida Association of Realtors.

Home sales last month in metro Atlanta dropped more than 10% from a year ago, according to a report from the Atlanta Realtors Association.

New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth.

The New York State Department of Financial Services is warning that alternative home purchase finance agreements might be a cover for predatory mortgage lending practices by unlicensed entities.

A class action filed last week alleges that Renovate America and Renew Financial failed to provide consumer protections promised to L.A. County, that this constitutes elder abuse, and the county is complicit.

Blockchain technology can support a number of core technology issues plaguing the mortgage industry, including data integrity, security, distribution and compliance.

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's numbers may do little to change their minds.

Sentiment among homebuilders fell in April for a fourth straight month, reflecting higher lumber prices and limited land availability.

The Mortgage Bankers Association is calling for Ginnie Mae, states, the Internal Revenue Service and other government agencies to overcome remaining digital mortgage challenges.