Consumer direct

Longstanding mortgage advertising rules are taking on new meaning in the age of digital marketing.

The second mortgage is on its way back, and some lenders could have an advantage in the competition for the piggyback loan business.

Homebuyers are growing more worried about competition from other buyers, but housing affordability remains their No. 1 concern, a survey by the real estate brokerage Redfin found.

Detroit’s renaissance has had spillover effects, including a sharp reduction in the frequency of fraud, misrepresentation and other defects in mortgage applications, First American Financial Corp. said Thursday.

Loan rates moved up slightly from their 2016 lows as anticipation grows of a rate hike this summer courtesy of the Federal Reserve, Freddie Mac reported.

Caliber Home Loans in Irving, Texas, has agreed to acquire Fairfield, Calif.-based First Priority Financial.

Mortgage applications and interest rates both increased during the week ending May 20, according to the Mortgage Bankers Association’s weekly survey.

Median investment home prices are rising thanks to all-cash sales, according to a report from the online real estate investment management firm HomeUnion.

Ditech Financial will shift a St. Louis-area servicing platform to start doing new loan originations during the third quarter.

First Guaranty Mortgage Corp. in Tysons Corner, Va., has purchased consumer-direct lender goodmortgage.com.