Origination

Nationally, home sales numbers are on the decline as prices rise and inventory remains low, but New Mexico continues to buck the trend with monthly increases in the number of sales reported to the Realtors Association of New Mexico.

Finance of America Reverse is offering a new second-lien alternative to the Federal Housing Administration's Home Equity Conversion Mortgage that can be placed on a property with a pre-existing first-lien loan.

Mortgage applications were up 2.9% from one week earlier, even as the rate for the 30-year conforming mortgage reached its highest point in over seven years, according to the Mortgage Bankers Association.

Purchases of new homes rebounded in August from the slowest pace in almost a year, a potential sign of stabilization in the market, according to government data Wednesday.

Cleveland-area house prices rose at a faster pace in July, even as price growth cooled in other major cities and across the nation.

With hundreds of digital mortgage products on the market, lenders must focus on their core business objectives to avoid getting overwhelmed by all the bells and whistles, says Teresa Blake, managing director of business optimization at KPMG.

The senator’s bill to reform the 40-year-old law and expand housing investments could gain clout as Democrats look to pick up congressional seats and she eyes a presidential run.

Lower corporate tax rates weakened the incentive for developers to use the Low-Income Housing Tax Credit program, which could prompt affordable housing construction to fall by as much as 40% by 2022, according to data aggregator Reis.

The supply of single-family homes on the market continued to shrink in August and prices rose, the Greater Capital Association of Realtors reported.

Home-price gains in 20 U.S. cities grew in July at the slowest pace in almost a year, a sign demand is increasingly bumping up against affordability constraints.