Origination

Bank repossessions of distressed homes hit a 30-month high in July, as financial institutions continue to work through the backlog of bubble-era loans.

Purchases of previously owned homes unexpectedly rose in July to the highest level since February 2007, consistent with further strength in the housing market.

Consumer credit default rates remained stable during the month of July, according to credit bureau Experian.

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.