Origination

Mortgage rates for 30-year loans fell to the lowest level since late April, reducing borrowing costs as the housing market enters its key selling season.

The rate of home price recovery during the seven years that a foreclosure remains on a consumer's credit report is one measure of whether borrowers who strategically defaulted made the right choice by walking away. But the results vary, depending on when, where and in what price tier that borrowers defaulted.

Borrowers who walked away from underwater mortgages are coming back to the market. Some lenders are ready to give them a second chance.

After years of refi-fueled origination volume, lenders have their hopes pegged to a resurgent purchase market in 2016 and beyond. But it raises an important question: will strategic default rear its head again in the next downturn?

The month of November could be foreshadowing of the prediction made by Weiss Analytics that fewer homes would gain in value this year.

More than 1 million homebuyers qualified for a mortgage in the third quarter, the first time since the financial crisis that lenders reached such a threshold, according to research by the Urban Institute.

Chronos Solutions in Coppell, Texas, has acquired Commerce Title & Closing Services.

The House approved a bill 427-0 that would revamp the Federal Housing Administration’s condominium loan program and expedite the approval process for Rural Housing Service guaranteed loans.

Freddie Mac has taken out another reinsurance policy that transfers risk of default on mortgages it insures.

Mortgage applications declined last week, despite having a favorable comparison to the previous week, which had only four business days, according to the Mortgage Bankers Association.