Origination

The housing market in the Dayton, Ohio, area continued to improve in February, with increases in the median sale price and number of homes sold.

The latest salvo by the acting director of the Consumer Financial Protection Bureau — proposing in the agency's semiannual report that all CFPB rules be subject to congressional approval — left many observers stumped if not outraged.

A pair of the nation's largest banks, Citigroup and Wells Fargo, made changes to their mortgage banking executive teams.

Some fear that the removal of such data from individual credit reports could lead lenders to believe a consumer is a better bet than they really are.

As part of a larger regulatory relief effort, regulators have raised the dollar-amount threshold for commercial real estate transactions that require a formal appraisal.

Acting Consumer Financial Protection Bureau Director Mick Mulvaney proposed dramatic curbs to his agency's power in a report Monday, including a recommendation that all CFPB rules must be approved by Congress.

Mortgage borrowers collectively hold more equity in their homes than at any other time on record, but they've been slow to borrow against this newfound wealth, according to Black Knight.

There is now less fraud risk associated with adjustable-rate mortgage applications and this will offset some of the higher hazard associated with a purchase market.

The median price of a Marin home rose to $885,750 in February, an 8.7% increase over the $815,000 median a year earlier.

Central Ohio home sales slipped in February as the number of homes for sale again dropped to record lows.