Origination

The CFPB alleges that David Eghbali, a loan officer for a Wells Fargo branch in Beverly Hills, Calif., developed a scheme to manipulate escrow fees in order to close more mortgages and boost his bonus. Eghbali says he was forced to sign a settlement because he couldn't afford to fight the CFPB in court.

The Inspector General for the Department of Housing and Urban Development is not backing down on his concerns about premium pricing associated with the down payment assistance programs by the Federal Housing Administration.

Detroit’s renaissance has had spillover effects, including a sharp reduction in the frequency of fraud, misrepresentation and other defects in mortgage applications, First American Financial Corp. said Thursday.

Homes owned by single men are more valuable and appreciate faster than properties owned by single women, according to an analysis from RealtyTrac.

The bank's new low-down-payment mortgage, an alternative to FHA loans, dispenses with the complex qualification requirements that have hampered recent efforts with low down payments by Fannie and Freddie.

Contracts to purchase previously owned U.S. homes climbed in April by the most since October 2010, adding to signs that the industry’s busy selling season was off to a good start, according to data released Thursday by the National Association of Realtors.

Loan rates moved up slightly from their 2016 lows as anticipation grows of a rate hike this summer courtesy of the Federal Reserve, Freddie Mac reported.

New research findings challenge common assumptions about borrower behavior, illustrating how trended data — something mortgage lenders will soon be required to collect — could be a game-changer.

Caliber Home Loans in Irving, Texas, has agreed to acquire Fairfield, Calif.-based First Priority Financial.

The Department of Housing and Urban Development is telling lenders that down payment assistance programs still qualify for FHA backing despite concerns raised last year by HUD’s inspector general.