Origination

Stranded without power in the wake of Hurricane Irma, thousands of South Florida seniors have found themselves trapped without access to elevators, air conditioning, telephones and even medical devices.

The supply of homes for sale continued to shrink, but the median time to sell a home was slightly longer in August compared with the previous month, according to Redfin.

Mortgage rates remained unchanged from last week's year-to-date low but going forward they are likely to increase as 10-year Treasury yields rose.

Lennar Corp. anticipates that hurricane-related damage will delay its new-home deliveries temporarily, adding to home-inventory challenges in the mortgage market in the short-term.

Fed economists are suggesting a new mortgage product that would allow home buyers to build equity faster and give banks incentive to profitably hold the loans in portfolio.

The changes are aimed at aligning requirements with a new Consumer Financial Protection Bureau rule under the Home Mortgage Disclosure Act.

The U.S. subsidiary of Japanese-owned Orix Corp. is adding another housing finance firm in the commercial and multifamily space to its stable of companies with its purchase of Lancaster Pollard.

A decade after the financial crisis and housing collapse, more consumers seem in the mood to buy a new home before they sell their existing home.

Appraisals continue to disappoint homeowner expectations in August, though the difference of opinion between appraiser and owner has narrowed, according to the Quicken Loans National Home Price Perception Index.

Not every housing market is dealing with an inventory shortage, as over one-third of respondents said there was excess supply in their local area, according to a First American Financial survey.