Banking

Mortgage rates descended through the onset of spring's home buying season, pushing up the share of refinance loans and volume of new-home purchase applications, according to Ellie Mae and the MBA.

Meridian Corp. may have breached sales agreements after originating nearly $100 million in loans in a state where it lacked a license.

The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.

New legislation in Iowa that allows banks and credit unions to utilize electronic notaries could help local lenders compete with online competitors.

The Consumer Financial Protection Bureau received over a quarter-million complaints in 2018, according to analysis by an advocacy group that urged the agency to maintain public access to its database.

Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them.

Whether online or advertised on a sign, very few consumers will qualify for that incredible low-rate deal. Here's why.

Mortgage lending credit standards loosened a bit last month as investors displayed more interest in non-qualified mortgage and nonagency jumbo loans to stay competitive, according to the Mortgage Bankers Association.

Angelo Mozilo had a front-row seat during the collapse in housing prices a decade ago. Now the former chief executive officer of Countrywide Financial Corp. is predicting another drop, and for some homeowners it may be even worse.

Payoffs of maturing office loans in securitizations may be delayed more often in the next few years if increasing inventory constrains occupancy and rent growth, according to Morningstar.