Origination

Economists have been expecting long-term rates to remain low this year because the Federal Reserve recently extended its Operation Twist program, maintaining downward pressure that the program puts on long-term rates.

A federal indictment charged 11 individuals for their roles in a $15 million mortgage fraud scam that used straw buyers to make illegal profits on overbuilt condominiums in New Jersey.

The June median price in the six-county Southern California region rose 1.7% from May and 5.3% from a year ago.

Although loan originations have been booming at Caliber Funding this year, the lender’s aggressive CEO, Brian Simon, has departed the company without explanation.

The September expiration date for the Small Business Administration's secondary market program for the first lien position means that first mortgages will no longer be eligible for a government guarantee.

Much has been printed about how high the average FICO score is at Fannie Mae and Freddie Mac these days. (The weighted average FICO at Fannie, for instance, is north of 760.) But we’re told lower FICOs are out there.

The Texas community banker who's leading the courtroom fight against the Consumer Financial Protection Bureau took his case to Capitol Hill.

Just as lending was starting to catch fire, some banking executives are already pouring cold water.

Habitat for Humanity is expressing concern about the potential impact of the so-called qualified mortgage rule on its ability to build homes for people in need.

Ivan Choi has been voted incoming chair-elect of the Asian American Real Estate Association of America.