Origination

The recent spike in mortgage interest rates reduced home purchase application activity last week, contributing to a 10.1% decline in total activity, according to the Mortgage Bankers Association.

Sales of new homes rebounded at a faster pace than forecast in August as a decline in mortgage rates sparked demand for higher-priced properties.

Most South Florida median home prices continued their inexorable march upward in August, while the number of sales in Broward, Palm Beach and Miami-Dade counties declined year over year.

Industry groups are calling on the consumer bureau to eliminate the debt-to-income limit for “qualified mortgages” and provide a short-term extension of special treatment for Fannie- and Freddie-backed loans.

By joining forces, Cloudvirga will integrate its digital mortgage software with Exos' cloud technology to enhance customers' desire for self-service during the transaction.

Commercial and multifamily mortgage delinquency rates should stay at historically low levels in the near future even as economic uncertainty over trade affects U.S. businesses, according to the Mortgage Bankers Association.

A mortgage company's dispute with Connecticut over what tasks a licensed loan officer needs to handle points to a potential compliance concern for direct and digital lenders seeking to maximize efficiencies.

Home-price gains in 20 U.S. cities decelerated in July for a 16th straight month, as values proved still too elevated for buyers despite low mortgage rates.

Orange County, Calif., may be on the verge of seeing a gain in home sales for the first time in more than a year, new CoreLogic figures show.

The recapitalization of Fannie Mae and Freddie Mac prior to the 2020 election is unlikely even if the net worth sweep ends, according to a Keefe, Bruyette & Woods report.