Origination

Mortgage rates increased a scant two basis points this past week, holding steady recently after their rapid rise at the start of this year, according to Freddie Mac.

The bank says its partnership with Lender Price will help streamline and simplify its home loan process.

Houses are taking longer to sell and sales across the region fell last month for the first time since Hurricane Harvey, a new housing report shows.

Maui had a small decline in the number of homes sold last month while median prices moved in different directions for single-family homes and condominiums.

TriStar Bank in Tennessee says a shortage of appraisers is slowing down its commercial real estate lending and raising the cost of appraisals. The claim has outraged appraisers, who argue that the bank is simply trying to avoid paying their fees.

The use of appraisal management companies does not result in higher quality property valuation reports, according to a working paper published by the Federal Housing Finance Agency.

While the mortgage industry heads in a digital direction, homebuyers are still expecting a more electronic experience during the mortgage process, which would also stand to benefit lenders.

Black households have significantly less purchasing power when it comes to buying a home compared with other races, a Zillow study said.

Mortgage applications decreased 1.9% from one week earlier as purchase activity was down again, according to the Mortgage Bankers Association.

We're counting down this year's 400 Top Producers. Check out which loan officers made the cut in the latest segment of the list!