Origination

The coronavirus pandemic brought more attention to the affordable housing issue and illuminated already vulnerable, low-income populations.

Home sales in the Baltimore area plummeted in May, the steepest drop in a decade amid the pandemic, but record-low mortgage rates are pushing buyers into the housing market.

A lack of inventory and low interest rates helped keep Minnesota home sale prices rising as pending sales dropped in May, according to Minnesota Realtors.

Mortgage industry hiring and new job appointments for the week ending June 12.

Borrowers gained over $6 trillion in home equity since the Great Recession ended and the relative health of the housing market should stave off a coronavirus-induced collapse, according to CoreLogic.

The measures extended by the Federal Housing Finance Agency include alternative methods used for certain appraisals and for verification of employment.

The expected rise in refinance volume overrides pessimism about purchase activity for their businesses.

Home sales in the San Antonio area plunged 20% in May, the market's worst stretch since the onset of the coronavirus pandemic.

Mortgage rates increased slightly for the second consecutive week, buoyed early on by positive economic news such as the jobs report that came out last Friday, according to Freddie Mac.

Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out.