Origination

Purchase loan applications were at their highest level in nearly eight years because of rising interest rates, according to the Mortgage Bankers Association.

While the majority of lenders feel mortgage industry data initiatives have been valuable, their cost is clouding some originators' viewpoint, a Fannie Mae survey found.

Last year ended with house prices up 6.7% percent in Los Angeles and Orange counties and rising 7.5% in the Inland Empire as a drop in listings continued to push prices upward, the California Association of Realtors reported.

The Oregon company's commercial and consumer lending grew even though fee income declined sharply.

LoanDepot Inc., a mortgage lender basing its growth around digital applications, isn't giving up on humans' role in the home-buying process just yet.

The credit union service organization now serves almost 200 CUs across the continental United States.

The West maintained its lead with the country's highest overall growth rate, though there may be signs that it is faltering.

Flagstar Bancorp swung to a fourth-quarter loss as the company took an $80 million noncash charge to earnings because of the tax reform bill.

Loans late by 90 days or more are increasingly concentrated in parts of Florida, Georgia and southeast Texas as fallout from the storms continues to weigh on the market.

Anchorage home values declined slightly on average in 2017 — a reflection of a dip in the housing market — but it's too soon to say how that will impact individual taxes, according to the city assessor's office.