Origination

Home price gains in the Twin Cities metro have outpaced the national average for much of the year, but those gains have cooled in recent months.

In a reprieve for Southern California's sluggish housing market, home sales rose in July from a year earlier. It was the first sales increase in 12 months.

Seeking to expand financial services access, tribal officials and some firms want regulators to award Community Reinvestment Act credit to any bank that funds projects in Native American communities.

Live Well Financial CEO Michael Hild has been charged with misrepresenting the value of a bond portfolio in parallel actions by the U.S. Attorney's Office and the Securities and Exchange Commission.

A growing share of refinances born by lower rates is pushing down risk levels for fraud on a mortgage application, according to First American.

A final rule on residential appraisals published this month could save depositories time and money in the short term, but potentially increase collateral risk.

Extell Development, facing an Aug. 30 maturity for a construction loan, signed an agreement for a new loan on the New York property, using the unsold units in the 815-apartment project as collateral.

Prospective buyers of the boarded-up East Hills Mall recently reached out to Bakersfield city officials with a new vision for demolishing and redeveloping the property into a village-like mixed-use center.

Freddie Mac now forecasts that refinance volume will make up nearly half of third and fourth quarter production, and has increased its origination estimate for the year to over $2 trillion.

Soaring home prices are pushing homebuyers out of walkable neighborhoods into those that are more car-dependent, Redfin said.