Origination

An unexpected decline in sales of previously owned homes last month to the lowest level since August 2016 indicates rising prices and lean inventories are impeding faster growth in the housing market.

Mortgage rates decreased for the fourth consecutive week and dropped to their lowest mark since November, according to Freddie Mac.

Before joining NMN, our new reporter Elina Tarkazikis was a real estate agent. From endless fees to the benefits of working on a team, she explains why many things agents should know entering the business also apply to mortgage loan officers.

Fannie Mae is extending its property inspection waivers to certain purchase mortgages with large down payments.

Laurance H. Freed, a Chicago developer, has been sentenced to three years in prison and ordered to pay $825,000 in fines and restitution in connection with a double-pledging scheme.

The Office of the Comptroller of the Currency issued a proposal Wednesday that would raise the appraisal threshold for CRE loans to $400,000 from $250,000.

With inventory still low, home prices continued to rise in the second quarter of 2017.

Reporting requirements for title insurers and agents have been expanded to cover more types of high-end real estate transactions, the Financial Crimes Enforcement Network said.

Buying into the American dream of homeownership is getting more costly in Chattanooga.

A decline in purchases of new homes in July may be a sign the industry took a breather following an even stronger run of sales than previously reported.