Origination

KB Home reported a profit for its fiscal second quarter as selling prices and orders increased.

Treasury Secretary Lew said he would direct senior staff to bring together MBS investors and issuers to develop guidelines to reassure both sides they won’t be saddled with unfair losses.

Unless the industry is content to be a boutique player with a hugely smaller pool of potential borrowers, it had better emulate the Fed and ease on down the road.

Mortgage rates fell for a second week, lowering borrowing costs as the housing recovery gets a second wind.

The apartment sector is still pretty strong. For single-family to challenge it, employment growth may need to strengthen, notwithstanding the burgeoning market for rental house securitizations and rebounding home prices.

Mortgages were more profitable to originate in the first quarter even though a lot fewer were made, according to the accounting firm Richey May. Secondary marketing gains came to the rescue.

The Senate Banking Committee approved Julian Castro, the mayor of San Antonio, on Wednesday to head the Department of Housing and Urban Development.

It’s going to become important for mortgage originators to educate prospective homeowners on actions they can take to lower their student loan payments, and thereby move them closer to homeownership.

Mortgage applications took another dip last week despite interest rates across all loan categories decreasing.

The regulator of Fannie Mae and Freddie Mac will conduct a series of town-hall events to convince hundreds of thousands of U.S. borrowers with little or no equity in their homes to refinance.