Origination

Credit unions have seen historic mortgage growth so far this year despite the pandemic, but there are concerns some institutions may be overly relying on refinancing and not focusing enough on generating new purchase business.

The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists.

Unemployment is high. Credit is tight. And scientists are warning that a dangerous second wave of the coronavirus is coming. But somehow, U.S. mortgage companies are having one of their best years in history.

Homebuilder sentiment improved in June as record-low interest rates and demand for more space spurred buyers to re-emerge after the coronavirus shut down sales and construction.

The REIT will add $500 million in capital through a senior secured loan, and it received a $1.65 billion term facility.

Shelter-in-place orders have given homeowners the time to pursue upgrades and repairs, and banks are seizing the opportunity to help finance the projects.

During a seven-day period earlier this month, there were 1,740 new home listings and 270 listings coming back on the market, and 2,065 pending sales, according to the Greater Metropolitan Association of Realtors.

The number of clicks for Dallas-Fort Worth home searches is surging.

A former Hillsborough County, Fla., mortgage broker has been sentenced to 15 months in federal prison for his role in a scam to which banks lost more than $5 million.

A Clever Real Estate survey found a significant share of new borrowers are not making their full payment.