Origination

Consumer expectations of further mortgage rate drops leaves them seemingly in no rush to enter the purchase market which could be why their optimism on home buying is falling, a Fannie Mae report said.

Home price appreciation remained modest as affordability and tight inventory keep demand down, though prices are expected to accelerate in 2020, according to CoreLogic.

The long-awaited proposal includes safe harbors to protect collectors from getting sued, but would restrict phone collection attempts and allow borrowers to opt out of receiving other communications.

Lower interest rates caused mortgage serving rights runoff plus a charge to the fair value of that portfolio and led to Ocwen Financial posting a first-quarter loss.

Regions Bank, like many lenders, has seen its refinancing volume shrink dramatically as a percentage of overall originations over the last few years, prompting it to refocus its mortgage bankers on very different purchase originations.

Lubbock, Texas, recently ranked in the top 100 cities where owning a home is the most affordable.

The peak spring home-selling season is in full swing in metro Denver, but it is proving to be a much tamer affair this year than last.

Two nonprofits threatened by the effort say the Department of Housing and Urban Development tried to avoid scrutiny last month when it announced the new policy outside the formal rulemaking process.

Toronto's housing market entered the busy spring property season with a bang, as sales surged 17% in April compared with a year earlier and prices also pushed higher.

Customer retention for mortgage servicers hit an all-time low at the start of the year, and a sensitive mortgage rate environment is only creating more competition, according to Black Knight.