Origination

Although refinances picked up after the July 4th holiday, they failed to offset a larger decline in purchases.

The organization has a new sample notice, the statement of credit denial, termination, or change form, with an accompanying XML file for implementation.

Switching to a system in which the buyer pays an agent’s fee out of pocket would be most damaging to minorities and first-time home buyers, who could have more difficulty in qualifying for a loan, the HomeServices of America paper said.

Jumbo and adjustable-rate offerings increased during the month, but that was offset by a decline in government loans, leading to an overall drop in MBA’s credit availability index.

The company will also shed real estate, reduce marketing expenses and restructure its operations as part of a three-year plan.

Soaring housing prices and inflation are making it more difficult to buy a home, which could cool the San Antonio area's sizzling real estate market.

Ryan Donovan, a longtime credit union advocate and executive vice president of the Credit Union National Association, will officially succeed John von Seggern on Sept. 6.

Intercontinental Exchange's move to acquire Black Knight and Lower's purchase of Hamilton Home Loans are just some of the latest developments to monitor in the space.

At least 300 workers were told they were terminated in a videoconference last week that ended abruptly and they were not given information about severance, according to the lawsuit.

Higher rates are also affecting the share of loans that actually go all the way to closing, Black Knight found.