Origination

The closing rate for mortgage originations climbed to a three-year high in August, according to data released by Ellie Mae.

The U.S. Attorney General seeks to lift a cap on whistleblower incentives that encourage a practice increasingly used in mortgage-based claims even as another U.S. official presses for more lending.

The Consumer Financial Protection Bureau remains committed to working with the financial services industry to improve the mortgage closing experience for consumers through the use of technology, CFPB director Richard Cordray said.

Purchases of previously owned homes unexpectedly declined in August for the first time in five months as investors retreated from the market.

The commitment by the two housing giants marks a win for upstart VantageScore Solutions in its quest to compete against industry leader Fair Isaac Corp. However, the outcome of the review is uncertain, and Fannie warned that the costs of adopting new credit scores might prove to be "substantial" for lenders and others.

The loosening of mortgage credit "hasn't been as significant as some have reported," and first-time buyers remain scarce, complains Stuart Miller of homebuilder Lennar.

All the mistakes and errors in a loan file should be dealt with prior to the mortgage funding.

Nonagency mortgage securitization has fallen well short of forecasts this year, as commercial banks bid up for loans to put on their balance sheets. But the fourth quarter could offer this moribund market a chance at redemption.

Home values in the United States rose more slowly in August on a monthly basis than they have in a year, according to Zillow.

Home loans to lower-income Americans are dwindling as Washington regulators and major banks continue to haggle over who pays when riskier mortgages go bad.