Origination

Toronto's housing market came storming back in May as sales in Canada's biggest city soared 19% from the same month a year earlier.

Millennial homeowners took advantage of April's drop in mortgage rates by quickly securing refinance loans, which closed faster than purchases for the first time since March 2016, according to Ellie Mae.

About half of the multifamily housing units built nationally that use the federal 4% Low Income Housing Tax Credit are financed with tax-exempt PABs.

Consumers' knowledge of the mortgage process and what it takes to purchase a home has not improved from four years ago and lenders have an opportunity to fill that need, Fannie Mae said.

Roughly 50 of the more than 100 staff members Live Well Financial let go after it stopped funding loans will join Open Mortgage, a multichannel lender in expansion mode.

One of the nation's largest homebuilders, Toll Brothers Inc., is looking to build a 913-house subdivision in Eagle, Idaho.

Orange County house prices were just 1% above year-ago levels in April, while prices in Los Angeles County increased by a mere 2.3%, CoreLogic reported.

Refinance mortgage application activity surged as interest rates fell to their lowest level since the start of 2018, but potential homebuyers remained sidelined due to economic uncertainty, according to the Mortgage Bankers Association.

The bank has hired Brandee McHale away from Citigroup to head its charitable foundation and implement a new strategy that will place a greater emphasis on rental housing and combating homelessness.

Homeowner remodeling spending should moderate across the majority of the nation's largest metropolitan areas as home price appreciation cools, according to the Joint Center for Housing Studies of Harvard University.