Origination

A yearlong battle in San Francisco City Hall ended Wednesday night when two factions on the Board of Supervisors reached a compromise on how much affordable housing to require in new market-rate developments.

Want a home loan these days? Increasingly, your credit needs to be almost perfect.

David Schneider has joined Stearns Lending as its chief executive officer, replacing Brian Hale, who will be leaving the company at the end of the month.

Some believe that increased bank regulation is to blame for overall slower growth in commercial and industrial loans. Yet that assessment misses some important details.

Reverse mortgage lender Financial Freedom has agreed to pay $89 million to settle False Claims Act allegations involving unearned interest payments it received from the Federal Housing Administration.

Mortgage applications decreased 4.1% from one week earlier as the refinance share hit an eight-plus-year low, according to the Mortgage Bankers Association.

Central Texas home sales rose just over 3% in April and the median price of those sales hit $305,000 — the second-highest level ever.

San Mateo County, Calif., officials opted to spend $43.75 million over the next two years to boost the number of housing units geared at working families.

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.