Origination

As of March 31, seniors, which for this report are defined as those 62 or older, held $3.25 trillion in home equity and had properties worth $4.32 trillion.

The inaugural International Federation of Finance Museums meeting aims to inspire innovation in the promotion of financial literacy globally and engage the media, academics, policymakers and industry participants.

A MacroMonitor analysis of banking activity during the past few years indicates the steady growth of mobile financial services is rearranging the transaction choices made by most households.

The real estate inventory crunch is easing, although listings are still down 12.2% on a year-over-year basis, according to Zillow.

First quarter new mortgage originations increased 16% year-over-year following a trend expected to continue alongside falling loan delinquencies and price improvements.

Athas Capital Group has launched a wholesale subprime residential mortgage program, and it is on the verge of rolling out what it calls version 2.0.

Berkshire Hathaway Inc.-insured bonds tied to housing were cut one level to AA from AA+ by Standard & Poor’s after the ratings firm lowered its grade on the parent company last month.

The average consumer rate for a 30-year fixed rate mortgage rose for the sixth straight week in Freddie Mac’s survey, nearing 4%.

During May, there were 148,054 U.S. properties with a foreclosure filing, up 2% from the prior month, but still down 28% compared to May 2012.