Origination

Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late 2014, according to a Federal Reserve Bank of New York report.

After issuing five RMBS deals of prime jumbo loans in 2019, JPMorgan has gathered a pool of 919 investor-only properties for its next mortgage securitization.

Issuance of mortgage-backed securities increased and came close to matching 2018 levels in the latest month tracked by Ginnie Mae.

The median price for single-family homes sold in April increased in both Cuyahoga County suburbs and Cleveland.

Some good news emerged in the housing market recently, but there's one factor that means homebuyers aren't likely to see any relief soon: low supply.

Hurricane Michael killed seven people and caused more than $6 billion in damage in Florida in October, a toll compounded by warmer, higher seas and wetter air, the signs of climate change scientists have long warned about.

First-quarter operating revenue in Equifax's Mortgage Solutions unit was the lowest it's been for the fiscal period since 2016, and the company anticipates declines in this division will remain a concern.

While prepayment speeds on agency mortgage-backed securities rose in April, that increase should be short-lived as further significant interest drops are not expected, said a report from Keefe, Bruyette & Woods.

The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.

Philadelphia officials have expanded a program that will give first-time homebuyers and other eligible city residents up to $10,000 when they purchase a home in the city.