Origination

The Federal Housing Finance Agency on Wednesday officially increased the target for loans purchased by Fannie Mae and Freddie Mac that benefit affordable housing, but the uptick is not satisfying housing advocates.

Mortgage Contracting Services will close the Utah office of its MCS Valuations subsidiary and consolidate its operations into three offices nationwide.

Home sales in July rose 11.3% from a year earlier, as lenders appear to be loosening access to credit, according to Re/Max.

Mortgage lending to low-income families could increase slightly under a plan by Federal Housing Finance Agency Director Mel Watt.

CoreLogic has launched a new intelligence tool aimed at improving marketing segmentation and risk detection.

The share of refinancing activity as part of the origination market fell in July, according to the Ellie Mae Origination Insight Report.

Mortgage application volume grew 3.6% on a seasonally adjusted basis compared with the week prior, according to the Mortgage Bankers Association.

Home sales in California continued to rise in July, even as home prices remain elevated, according to a new report.

The California Housing Finance Agency has forged partnerships with two federal agencies to provide lower interest rates to multifamily developers as a way to encourage more affordable housing.

The $3.9 billion-asset Luther Burbank Savings has opened retail loan origination offices in several Southern California cities to produce more jumbo mortgages. It is one of several lenders in the region that think jumbo loans are worth the risks to achieve growth.