Origination

A Wichita, Kan., man was sentenced to seven years and three months in federal prison without parole for his role in a $2.7 million mortgage fraud scheme.

A high percentage of Federal Housing Administration-insured loans are falling into the "higher priced" bucket due to a series of mortgage insurance hikes over the past several years.

Devising a risk mitigation plan — and the training and oversight necessary to implement it — requires lenders and servicers to conduct a scientific investigation into the policies, procedures and controls they already have in place.

New-home sales surged in August to the highest level in more than six years, a sign that the housing recovery is making progress.

The housing market was slightly less stable in July compared to the previous month, according to data released Wednesday by Freddie Mac.

In the coming months, banks, mortgage lenders, consumer advocates and policy wonks will be slicing and dicing the latest Home Mortgage Disclosure Act data, as they do every year. Rarely, if ever, have the stakes been higher.

Mortgage applications dropped last week as an increase in borrowing costs led to a decline in home refinancing.

Within the span of a year, institutional investors with large portfolios of single-family properties have tapped the securitization market with nine deals, creating an alternative form of exposure to the housing market.

Millennial renters and Americans overall have become more optimistic about the housing market since January, according to Zillow.

Federal Savings Bank in Chicago has teamed up with West Suburban Bank in Lombard, Ill., to offer mortgage products across West Suburban's 37-branch network.