Origination

The Palm Beach County, Fla., housing market continued to favor sellers in December, a month when home prices ticked up and inventory remained tight.

Rising rates suppressed total mortgage application activity, which decreased 2.6% from one week earlier, according to the Mortgage Bankers Association.

Rising mortgage rates have taken a toll on refinance lending and extended the lifecycle of existing loans. With new purchase originations also making portfolios larger, servicers must take steps to avoid capacity constraints.

The mortgage industry should expect significant volatility that could result in a wave of lender consolidation in 2018, warns an analyst at risk management technology vendor LoanLogics.

Metro Atlanta's housing market showed its fifth consecutive year of solid gains last year, but the shrinking supply in homes for sale has continued to drop into the red zone.

The only thing that might be colder than Toronto in January is the city's housing market.

Commissioners Court is considering slowing the growth of the Harris County, Texas, budget as officials continue to grapple with Hurricane Harvey's widespread destruction and potential impact on property tax revenues.

Michael DeVito, who was named Wells Fargo's interim head of home lending after the bank fired consumer lending head Franklin Codel, is now officially leading the residential mortgage unit.

Lenders need to be aware of a possible investor backlash as critical defects found in closed loans increased in frequency as the shift continued to a purchase market.

Home prices in 20 U.S. cities increased in November by the most in more than three years, underscoring a lingering scarcity of housing inventory.