Origination

An increase in purchase activity drove the week-over-week rise in mortgage application volume as homebuyers entered the market while interest rates fell, according to the Mortgage Bankers Association.

Dallas-Fort Worth is still the country's top homebuilding market.

A new study shows that Miami's affordable housing crisis is so dire, the city needs at least 50,000 units just to meet the existing need.

Live Well Financial, a reverse and traditional mortgage lender that abruptly stopped originating on May 3, will lay off 103 employees, according to a Virginia Employment Commission filing.

Consumer expectations of further mortgage rate drops leaves them seemingly in no rush to enter the purchase market which could be why their optimism on home buying is falling, a Fannie Mae report said.

Home price appreciation remained modest as affordability and tight inventory keep demand down, though prices are expected to accelerate in 2020, according to CoreLogic.

The long-awaited proposal includes safe harbors to protect collectors from getting sued, but would restrict phone collection attempts and allow borrowers to opt out of receiving other communications.

Lower interest rates caused mortgage serving rights runoff plus a charge to the fair value of that portfolio and led to Ocwen Financial posting a first-quarter loss.

Regions Bank, like many lenders, has seen its refinancing volume shrink dramatically as a percentage of overall originations over the last few years, prompting it to refocus its mortgage bankers on very different purchase originations.

Lubbock, Texas, recently ranked in the top 100 cities where owning a home is the most affordable.