Refinance

The Dow Jones Industrial Average crossed the 20,000 threshold for the first time Wednesday, but the post-election stock market rally has produced a mixed bag for mortgage demand and the industry's publicly traded companies.

As mortgage rates continued to move higher, the share of home purchase loans began to increase in December, according to Ellie Mae.

There was a slight increase in application activity driven by consumers taking advantage of a downturn in mortgage rates to refinance.

The startup, known for refinancing millennials' student loans, is now writing more than $100 million of home mortgages a month, and expects this to be its fastest-growing product. Here's why.

Mortgage application volume started off 2017 on a good note as activity increased 5.8% from one week earlier, according to the Mortgage Bankers Association.

Refinance volume rose among millennial borrowers in November, reflecting a nationwide trend, according to Ellie Mae.

The Federal Housing Administration said it would cut the annual premium by 25 basis points starting on Jan. 27, giving President-elect Donald Trump a limited window to delay or scrap the cut.

Quicken Loans parent company Rock Holdings has agreed to buy two online marketing service providers, marking the Dan Gilbert-owned conglomerate's entrance into the lead acquisition space.

Initiatives aimed at a more inclusive credit box have long relied on costly approaches that are difficult to scale. Now, demographic shifts are intensifying industry demand for a more automated and efficient solution.

Demographics are shifting, creating more prospective minority homebuyers than ever before. But predominant underwriting processes and these would-be borrowers' financial backgrounds are holding them back.