Origination

Fannie Mae's overall single-family serious delinquency rate dropped another notch in November, according to its most recent report, but the current government shutdown raises questions about whether that trend will continue.

The announcement rescinded the agency's earlier guidance issued to industry partners to suspend sales operations as a result of the current lapse in funding from Congress.

It's not clear exactly what might pull investor sentiment and 10-year Treasury yields, which rates for the 30-year mortgage are benchmarked to, off the current lows.

Mortgage technology is rapidly advancing, with incumbents and new entrants scrambling to take advantage of developments in artificial intelligence and automation. The goal? Beat the customer expectations set by Amazon and Uber, not just other lenders, says KPMG Managing Director Teresa Blake.

By honing her ability to fix inefficiencies and identify new profit opportunities, Mary Ann McGarry broke down gender barriers and found success as CEO of Guild Mortgage. The key, she says, is remaining adaptable and collaborative without losing focus on end goals.

The single-family rental market could benefit from more consistent loan terms and expanded secondary mortgage market opportunities, Freddie Mac found in a preliminary test of expanded involvement in the sector.

Freddie Mac issued its first non-low-income housing tax credit forward commitment, providing financing for an affordable housing development in Minnesota.

The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.

Baton Rouge-area home sales were 13.8% lower in November than the year before because of large sales drops in Ascension and East Baton Rouge parishes.

Southern California home sales fell sharply in November, deepening a retreat from a sustained housing boom that placed home ownership out of reach for many.