Origination

Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close deals.

The new federal budget approved this month boosted tax credits for corporations that help finance low-cost housing but the move is unlikely to help a long-stalled 63-unit affordable housing project with a $5 million funding gap.

Carrington Mortgage Services' decision to offer subprime mortgage loans was a natural progression from its decision four years ago to concentrate on borrowers with credit scores under 640.

Home values grew in all 50 states in February, but their appreciation is expected to slow within the next year, according to CoreLogic.

The housing market in the Dayton, Ohio, area continued to improve in February, with increases in the median sale price and number of homes sold.

The latest salvo by the acting director of the Consumer Financial Protection Bureau — proposing in the agency's semiannual report that all CFPB rules be subject to congressional approval — left many observers stumped if not outraged.

A pair of the nation's largest banks, Citigroup and Wells Fargo, made changes to their mortgage banking executive teams.

Some fear that the removal of such data from individual credit reports could lead lenders to believe a consumer is a better bet than they really are.

As part of a larger regulatory relief effort, regulators have raised the dollar-amount threshold for commercial real estate transactions that require a formal appraisal.

Acting Consumer Financial Protection Bureau Director Mick Mulvaney proposed dramatic curbs to his agency's power in a report Monday, including a recommendation that all CFPB rules must be approved by Congress.