Origination

An important traditional tool of monetary policy has been diminished and may even become counterproductive in the future.

The second quarter continues to shape up as a good one for bank mortgage lenders — and one ancillary service provider — that are benefiting from a spike in volume.

The onset of summer typically comes with the largest volume of home sales, however exorbitant prices kept potential buyers at bay, according to Remax.

Foreign purchases of U.S. residential real estate fell 36% to the lowest annual rate since 2013, as slowing overseas economies, the strong dollar and the White House's anti-immigrant rhetoric put a chill on demand.

After a jump in May home sales, North Texas housing activity retreated in June.

Home sales in metro Baton Rouge, La., were practically unchanged for the first half of 2019, with three more houses being sold than during the same period in 2018.

Higher interest rates led to a 1.1% seasonally adjusted decline in mortgage applications compared with the previous week, according to the Mortgage Bankers Association.

New-home construction fell in June for a second month as a drop in apartment building outweighed a pickup in single-family projects.

Millennials flooded the mortgage market to refinance on lower rates, but the industry couldn't manage activity as quickly, according to Ellie Mae.

The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.