Origination

Another adjustable-rate mortgage index is going away as the Federal Home Loan Bank of San Francisco will no longer publish the monthly Eleventh District Cost of Funds Index after January 2020.

Weakening prices from the most expensive metro areas caused the first decline in available equity since the market started recovering from the housing crisis, according to Black Knight.

The median sales price for an existing single-family home in the Las Vegas area in November was $295,000, according to a report from the Greater Las Vegas Association of Realtors.

Investors in agency mortgage-backed securities will find next year to be "anything but smooth sailing" as Federal Reserve rate hikes and balance sheet reduction will lead to an increase in real rates and volatility while pushing spreads wider, Bank of America said.

The nation is suffering from a housing affordability crisis and lower construction costs and increased government subsidies can ease the pain, consumers state in a National Association of Home Builders survey.

Casper's Parkway Plaza hotel has a new owner as GreenLake Real Estate Fund bid $15.5 million at a foreclosure sale to purchase the property.

New Penn Financial will change its name to NewRez at the start of 2019, reflecting its acquisition earlier this year by New Residential Investment Corp.

Despite increasing mortgage rates and a tepid housing market, positive consumer perception of the economy carried over to home buying during November, according to Fannie Mae.

The number of workers employed by non-depository mortgage companies experienced a typical seasonal drop month-to-month, but employment remained higher than a year ago due to the persistence of competitive hiring practices.

Metro Denver's housing market looked like it had regained its footing in October after stumbling in September. But last month, home sales hit another icy patch, according to the Denver Metro Association of Realtors.