Origination

Competition amongst those shopping for homes fell for the second straight month as surging prices pushed consumers to the sidelines and inventory saw modest gains, according to Redfin.

Boosts in purchases and cash-out refinances drove the summer turnaround, according to Black Knight.

The New York-based lender projects it has a $3.6 trillion market opportunity outside of the U.S.

Local mortgage and real estate professionals give insight on the metro areas projected to experience the highest appreciation over the next year, according to Zillow.

Also: Private equity firms to buy Lereta, mortgage rates continue to fall & mortgage applications decline for a second week

The defendant faces seven criminal counts — ranging from stolen property to falsifying business records — for two Harlem brownstones he paid just $20 for in 2012, according to tax filings.

Still, the average time a property is on the market is at an all-time low, with more than half going into contract within two weeks.

Identifying where payment stress is concentrated could help mortgage servicers and federal policymakers prepare for the broader range of loan workouts that will resume this summer.

Renters will need to reserve an additional $369 per month to keep up with rising listing prices over the next year, according to Zillow.

With talk of an overheating economy abating, economists see few signals that would indicate near-term rate spikes.