Origination

Rising prices are holding back some potential sellers from listing their properties because they fear they won't find an affordable replacement, according to First American Financial Corp.

The median price reported to the Realtors Association of New Mexico for the month of April was $192,000, which is nearly 4% higher than the March 2017 median and more than 6% higher than the April 2016 median.

The Federal Housing Finance Agency has revived the idea of putting a question on the loan application asking consumers what language they want to communicate in.

Home values increased by 7.3% in April, the strongest rate of year-over-year appreciation in more than 10 years, according to Zillow.

BBVA Compass has made a $1.8 million investment in the Mile High Community Loan Fund to support affordable housing lending in four Colorado cities.

A drop in home sales in Porter County in April led to a year-over-year decline in Northwest Indiana, with total existing home sales of 898 in the seven-county area.

Mortgage rates hit their lowest mark of the year, as they were affected by the stock market sell-off on May 17, according to Freddie Mac.

President Trump has nominated Paul Compton, an Alabama attorney with affordable housing experience, to serve as general counsel for HUD.

Sales of homes in the Chicago area dropped in April as potential homebuyers looked at houses but then turned away after finding disappointing choices, the Illinois Realtors reported.

Refinance mortgage volume hit a 10-year low during the first quarter, while a tepid market for purchase lending put total origination activity at its lowest level since 2014.