Origination

Joseph Tomkinson, who first pared down and then rebuilt Impac Mortgage Holdings in the aftermath of the housing crisis, is stepping down as the company's chairman and CEO.

The share of mortgage refinance applications dropped to its lowest level in nearly 10 years as interest rates continued to climb.

Sales of previously owned homes rose more than expected in the first gain in three months, indicating that job gains and tax cuts are supporting demand despite low supply.

Thanks to eager homebuyers, the Albuquerque metro housing market continued an upward trend last month, despite a short supply of single-family homes for sale.

Home sales took off in the Portland area last month, perhaps as buyers tried to get ahead of rising mortgage rates.

Banks say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.

From mixed messages about enforcement to complexities about which loans have to be reported, here's a look at five pitfalls to avoid when adjusting to the new HMDA compliance requirements.

While the industry continues adopting digital mortgage methods, homebuyers expect to be able to apply for a mortgage and complete the application online, but still want human interaction, according to Ellie Mae.

Issuance of Ginnie Mae securities backed by reverse mortgages rose above $1 billion for the second time in two years, according to the government agency's latest monthly report.

Home Captain, a fintech company that looks to increase mortgage-lead conversion rates, completed a Series A financing round led by Spring Mountain Capital.