Origination

The African-American community lost more than half its net worth as a result of the housing debacle and the ensuing economic crisis.

The Eleventh Federal Home Loan District Cost of Funds Index for August is 0.956%, which is just 0.2 basis points higher than it was in July.

If the Internal Revenue Service is not processing lender requests to verify borrower information, it could result in substantial delays in closings.

Fannie Mae's mortgage purchases fell 7% in August after a slight uptick in July, but commitments to purchase new mortgages from lenders fell to the lowest level in two years.

A study finds consumers are not always understanding what they are being told about financial products.

With a government shutdown looming, it appears the mortgage industry will be mildly inconvenienced as most government mortgage programs will remain open.

NAMB President Don Frommeyer had the experience of a lifetime as an umpire at the BIg League World Series. And he still originates loans as well.

Mortgage industry veteran Mark Korell has been promoted to chief executive at Hamilton Group Funding.

While the Dow and S&P 500 were both down on Monday as investors worry about the inaction in Washington, 12 of 17 Mortgage Industry Equity Composite stocks closed higher.

This option gives homebuyers access to a 3% grant on FHA, VA, or USDA government loans, which will lower a borrower’s downpayment to 0.5% from their own funds.