The percentage of newly originated loans that are used to refinance an existing mortgage could shrink dramatically in 2018 as rates rise and burnout continues.
Sentiment among America’s homebuilders fell more than forecast in September as companies grew concerned about the cost of construction materials and labor shortages in the wake of Hurricanes Harvey and Irma.
Fed economists are suggesting a new mortgage product that would allow home buyers to build equity faster and give banks incentive to profitably hold the loans in portfolio.
As mortgage rates dropped to new lows for the year, loan application volume increased from one week earlier, according to the Mortgage Bankers Association.
From debunking down payment myths to making sense of interest rates, here's a look at five essential lessons lenders can teach to millennials preparing for homeownership.
Consumer confidence in the housing market is growing overall, but the gap between those that say it's a good time to buy versus selling a home is widening, according to Fannie Mae.
Loan application defects were unchanged for July compared with June, the first time in eight months there has not been an increase, according to First American Financial Corp.
Wells Fargo forced borrowers to pay millions of dollars in fees to extend interest rate locks that expired due to the bank's delays in processing mortgage applications, a lawsuit claims.
