Origination

Though advocates and industry are rarely aligned, they are starting to coalesce around a plan that would call for the elimination of the CFPB’s 43% debt-to-income limit as part of its qualified mortgage rule.

While affordability continues to affect homebuyers, rising income combined with descending interest rates and decelerating housing values boosted the purchase market, according to First American.

Homes in the Rockford, Ill., region sold for $147,000 on average last month, the highest monthly average price since July 2006.

Long Island foreclosure sales doubled over the last five years as the county courts made a priority of clearing bust-era cases.

Home-price gains in 20 U.S. cities decelerated for a 15th straight month and were weaker than projected, pointing to continued cooling in the housing market.

The median sales price for existing single-family homes in Manatee County, Fla., hit $325,000 in July, the highest median price since the housing crisis and Great Recession more than a decade ago — and near a historic all-time high.

Digitizing the lending experience can go a long way toward boosting mortgage applications even as interest rates continue to fluctuate.

To boost its presence in affordable housing, Synovus Bank is devoting considerable resources to training its loan officers.

Wisconsin Republican Sean Duffy routinely pushed to restructure the Consumer Financial Protection Bureau and authored a bill to reform the flood insurance program.

Lower interest rates that have the power to reduce house payments are triggering a surge in mortgage refinancing activity and giving real estate agents hope that more affordable rates can lift area home sales that are barely lagging behind 2018.