Origination

The pace of home construction in the San Antonio market has surged to its highest level since 2007, but it likely won't be enough to correct a woeful shortage of affordable homes.

Lennar Corp. closed its first fully electronic digital mortgage with a remote notary, just a few months after the homebuilder made an equity investment in digital mortgage vendor Notarize.

The average new home in the U.S. went for $324,467 in June, 28% more than the $254,200 price for existing homes.

Delinquencies for loans securing commercial mortgage-backed securities continued to decline, although they are still well above rates for other types of investors, according to the Mortgage Bankers Association.

Growth in home prices remained churning at a steady pace, with sellers holding out for better returns and suppressing the supply of available housing.

How affordable is Tampa Bay? One test is whether someone earning the median income can afford the median priced home.

The local real estate market had a summer as hot and record-breaking as Savannah's temperatures with more than 1,500 homes selling across Bryan, Chatham and Effingham counties during June and July.

New Jersey Governor Phil Murphy signed a bill to revise the state's Residential Mortgage Lending Act to facilitate transitional licensing for loan officers and to streamline the law's provisions for borrower fees.

Future reductions in loan application defect risk are likely because of mortgage lenders' fintech investments, even as the purchase origination share grows, said First American Financial.

Tax foreclosure filings in Philadelphia have skyrocketed 1,200% since 2010, so the city is promoting its homestead exemption to keep people in their homes.