Refinance

Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.

Fannie Mae has made three selling guide changes aimed at helping the growing number of borrowers with student debt qualify for home loans, and may begin testing similar proposals related to this goal.

Home prices reached their highest level since the recovery started, according to Black Knight Financial Services.

The monthly prepayment rate ticked up slightly month-to-month after dropping to a three-year low earlier this year.

Stewart Information Services Corp. posted net income in the first quarter of $4.1 million, a turnaround from the $11.2 million loss one year ago.

Mortgage application volume decreased 1.8% from the previous week driven by lower purchase activity, according to the Mortgage Bankers Association.

The average time to close as measured by Ellie Mae's monthly survey was shorter than it's been since 2015, when the implementation of new disclosures lengthened the timelines.

Some are wording the language of amendments used to refinance deals so as to be able to benefit if risk retention rules are repealed.

Mortgage applications increased 1.5% from one week earlier even though refinancing activity continues to shrink, according to the Mortgage Bankers Association.

Closing times for millennials' loans were slightly quicker than closing times in the larger market during February.

Castle & Cooke Mortgage launched a consumer-direct unit that is focused on capturing repeat business from its existing servicing customers.

Mortgage applications decreased 1.6% from one week earlier as refinancing activity continues to shrink, according to the Mortgage Bankers Association.

Late payments on securitized commercial mortgages rose again in March, led by industrial and retail property loans.

Rising rates will dampen what had been a growing cash-out refinance market even as equity available to homeowners continues to increase.

Loan defects are inching upward in a market where higher rates could lead to more fraud risk.

Despite the additional risks, originating mortgages for landlords of single-family rentals could help lenders fill the gap of waning refinance volume.

Mortgage lenders have already begun to feel the burn of higher interest rates.

Reflecting the post-election interest rate rise, closed purchase loans were 57% of February's total volume, according to Ellie Mae's Origination Insight report.

Goldman Sachs is selling $1.02 billion of bonds refinancing the Blackstone Group's acquisition of the Willis Tower, formerly known as the Sears Tower.

Dramatic shifts in borrower expectations and a growing purchase market have elevated consumer-direct mortgages from a refi-driven channel to an alternative for staff-heavy lending to homebuyers.