Origination

After two months of declines in the coronavirus pandemic, the Boise, Idaho, area housing market rebounded in June with a 3.4% increase in homes sold compared with June 2019.

The Detroit lender disclosed that the consumer bureau had sent a civil investigative demand to Rocket Homes Real Estate for potential violations of the Real Estate Settlement Procedures Act.

Remarks that the head of the mortgage broker association made about a Quicken Loan executive's wife in a video text exchange led to a defamation lawsuit, and housing-finance companies are taking sides.

Mortgage rates slid further this week, as the conforming 30-year fixed loan fell below the 3% mark for the first time in the 50 years Freddie Mac has tracked this information.

The Rhode Island Association of Realtors said that the number of single-family houses sold in June was down 14.6% from the same month a year ago.

The company wants to provide financing to those who purchase its homes in Colorado, Georgia and Texas.

The Pittsburgh bank says fewer borrowers are asking for help and that many borrowers who received assistance are making payments again. But with the coronavirus pandemic still raging in much of the country, CEO William Demchak and other bankers are tempering their optimism.

The South Florida housing market is experiencing its highest overvaluation in eight years. Still, a housing crisis is unlikely, one expert said.

Strong growth in refinance volume following several weeks of so-so activity drove a 5.1% week-to-week increase in mortgage applications, according to the Mortgage Bankers Association.

The City of Frisco has experienced a major population boom in the past few decades and has earned the title of fastest-growing city several times by the U.S. Census Bureau.