Origination

Nearly half of the second-quarter volume came from its existing customers.

Northeastern Minnesota home sales have been on a tear this summer despite a relative scarcity of listings.

The agency’s plan to extend the "qualified mortgage" stamp of approval to more loans could help lenders that rely on alternative data and cushion the blow of other QM changes for Fannie Mae and Freddie Mac.

Mr. Cooper plans to hire an additional 2,000 employees by the end of this year as record low interest rates spur home purchases and mortgage refinancings.

But federal elections and the pandemic make projections on the sustainability of industry profitability especially tricky.

The pandemic drives home the point that without those funds being siphoned off, the recent fee hikes would not be necessary.

Inconsistent loan processing was a pain point for Remax's Motto Mortgage franchisees and the acquisition should solve that, executives said.

U.K. house prices increased by the most in 16 years in August after a tax cut stoked post-lockdown demand, but the revival could prove-short-lived as the government begins to withdraw its pandemic support.

The lightning-ignited Hennessey Fire destroyed 254 single-family homes in Napa County, Calif., making it one of the most destructive in county history, Cal Fire reported.