Origination

Economic uncertainty and high housing prices will put a damper on home sales next year, but low mortgage rates will offset that, pushing house prices to all-time highs in 2020, the California Association of Realtors forecast.

Rising demand and plummeting mortgage rates pushed multifamily origination dollar volume above 2017's record to a new peak, according to the Mortgage Bankers Association.

Mortgage industry hiring and new job appointments for the week ending Sept. 27.

The Federal Housing Administration should monitor reverse mortgage servicers more closely and track related data that would shed light on a rise in defaults, according to a Government Accountability Office report.

Rising home prices are likely to constrain affordability for some time to come, with only the current low mortgage interest rate environment softening the blow, Attom Data Solutions said.

A hearing on legislative proposals exposed a sharp partisan divide over a regulatory plan to restrict the frequency of collection calls.

Freddie Mac's efforts to improve underwriting could include the use of a technology firm's artificial intelligence-driven consumer-risk modeling software that can expand access to credit, according to the Wall Street Journal.

September has been the most volatile month since March when it comes to 30-year conforming mortgage rates, with average weekly movements of 11 basis points up or down, according to Freddie Mac.

Local and state home sales statistics paint a hot seller's market in New Mexico.

Contract signings to purchase previously owned homes rebounded in August by more than forecast, helped by low mortgage rates and continued household income gains.