Origination

Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view.

The number of unique individuals holding state mortgage licenses has risen 7.5% from one year ago, according to the Nationwide Multistate Licensing System.

Mortgage fraud rose nationwide as Florida continued its reign as the state with the highest overall risk for unscrupulous activity, according to CoreLogic.

It may take several years, but the Rural Housing Service is on a path to modernize its single-family program and give lenders more responsibility for approving and closing loans.

The June Brexit vote continues to have implications for the mortgage industry, as prepayment rates jumped even higher.

Mortgage loan officers keep an eye on the long game, but making a sale is more than the sale; ushering people through the biggest purchase of their lives requires the ability to maintain relationships over time.

Mortgage rates ticked down slightly from last week's post-Brexit high in anticipation of the Federal Open Market Committee meeting, according to Freddie Mac.

Lennar Corp. agreed to buy WCI Communities Inc. in a deal that values the Florida real estate company at about $643 million.

Sales of previously owned homes unexpectedly declined to a six-month low in August, signaling buyers are getting discouraged by a lack of properties to choose from.

The mortgage industry is failing communities of color by not providing adequate access to conventional loan products, calling into question the future of the housing market and the nation's ability to turn the tide of rising wealth inequality.