Origination

Mortgage applications decreased 5% from one week earlier as, absent any rate incentive, activity slowed because of the holiday season, according to the Mortgage Bankers Association.

A property deal for hundreds of apartments near downtown San Jose has cleared the way for a major renovation of the property that will also ensure the preservation of affordable housing for decades to come at the complex.

The number of homes sold in metro Baton Rouge in November dropped by 2.4% from the year before, while home prices and the number of properties for sale also decreased.

The proposed changes laid out by banking regulators would clear up confusion about what qualifies for CRA credit within so-called Opportunity Zones. But not all community development advocates are convinced that the changes are for the better.

While a visit to the Santa Fe Animal Shelter & Humane Society off Caja del Rio Road is a happy occasion for many people who leave with big smiles after adopting a furry or feathered friend, one couple was about to leave behind two terrified dogs — for good.

The National Association of Realtors predicted the Las Vegas housing market would likely overperform over the next several years, contradicting a recent report from a national real estate listing website.

Without the baggage of living through the Great Recession, homeownership rates for Gen Z should exceed that of millennials, a plurality of respondents to a Zillow survey said.

Construction of new homes increased more than forecast in November and permits to build climbed to a 12-year high as the housing market strengthened amid low mortgage rates, solid job growth, and optimistic buyers and builders.

Better.com saw huge growth in mortgages to traditionally underserved customer bases in 2019 and believes digital applications led to the avoidance of discriminatory lending.

Even with an increase in both new and existing home construction activity during November, the slowdown over the previous 11 months will constrain inventory going into 2020, according to BuildFax.