Origination

The head of the Federal Housing Administration said Congress should consider whether to continue allowing the loan floor and ceiling to remain tied to changes in the conforming mortgage limit.

The company’s proprietary platform is aimed at helping borrowers apply for home loans in as little as 15 minutes by automating immediate validation of bank information used in qualification.

Originations from all sources, including commercial and reverse mortgages, total $9.2 billion.

People with scores below 500 are often in communities that suffer the most from economic hardship and violence. Banks and regulators can do more to qualify them for financing, ultimately creating healthier local economies.

Mortgage applications decreased 0.6% on a seasonally adjusted basis from one week earlier as the period was truncated by the Thanksgiving holiday, according to the Mortgage Bankers Association.

This fall's red-hot housing market in Duluth, Minn., has more than made up for time lost to the pandemic this spring.

October's annual appreciation rate was at its fastest since April 2014, CoreLogic said.

Startups Home Lending Pal, RealKey and Stavvy will get access to experienced mentors and potential customers over three months as a part of the program.

Tough competition for home listings makes consumers more likely to misrepresent themselves on loan applications.

Metro Denver's housing market seems unstoppable, setting record after record in the resale market and leading the country for the gain in pending new home sales.