Origination

It’s highly debatable whether the artificial intelligence engines that online lenders typically use, and that banks are just starting to deploy, are capable of making credit decisions without inadvertent prejudices.

The median down payment for a home purchased in the second quarter was 7.3%, the most in nearly three years, a result of increased competition, according to Attom Data Solutions.

The Seattle area is wrapping up its most punishing summer ever for home buyers, with huge price bumps surpassing even the surge in home costs from the housing bubble a decade ago.

Mortgage rates dropped to a year-to-date low for the third consecutive week as the 10-year Treasury yield also declined, according to Freddie Mac.

Given the scale of damage to the region’s homes and cars, bankers are guarding against an expected spike in missed payments by extending loan terms, deferring payments and making other concessions.

Dallas-area home prices were up 6.9% in the latest annual comparison by CoreLogic, just slightly ahead of the 6.7% nationwide gain in July compared with July 2016.

As head of Fannie Mae's single-family mortgage business, Andrew Bon Salle wants to ease the burden of loan-level price adjustments, streamline condo loan approvals and expand rep and warrant relief. But even he admits there are limits to his power.

Mortgage companies in Florida are bracing themselves for the potential landfall of Hurricane Irma, which has followed close on the heels of Hurricane Harvey.

Housing prices in Toronto continued their summer slump in August as government regulations and fears about a market softening curbed demand in Canada’s biggest city.

The Legal Aid Society of Palm Beach County, Fla., and two homeless assistance agencies are the surprise beneficiaries of a successful lawsuit against a notorious South Florida foreclosure attorney, who was later disbarred.