Coronavirus

University Bancorp decided to shutter its wholesale mortgage lending business after it struggled to hire and train employees remotely.

The coronavirus made it particularly tough for independent contractors and independent business owners to get home mortgages, but there are some signs that market may recover soon.

U.K. home sales collapsed last month as the government effectively shut down the market to help slow the coronavirus outbreak.

Home sales in Chattanooga, Tenn., fell nearly 18% last month and the inventory of houses on the market fell by more than 26% as home-bound Chattanoogans were less likely to want to either buy or sell their homes during the worst of the coronavirus shutdowns in April.

Forecasts about the pandemic's impact on the mortgage market have grown less dire after forbearance requests by homeowners nearly leveled off in the first half of May.

Coronavirus-related mortgages in forbearance grew 20 basis points between May 11 and May 17, according to the Mortgage Bankers Association.

Both Fannie Mae and Freddie Mac have relaunched existing websites to provide COVID-19 tools to borrowers and servicers.

Some cities saw drops in annual housing supply nearing 40% in early May, according to Zillow.

With the recent acceleration to cloud computing, how can mortgage companies, who constantly deal with sensitive personal information, maintain safety?

The ripple effect of buying, spending can drive small businesses back to success.

Home sales in South Florida plummeted in April. Realtors blame the health and economic fears wrought by the pandemic caused.

Homebuilders were a rare, bright spot in an otherwise dreary April for Southern California's housing market.

Cited the current capital markets and economic environment as the reasons for pulling out of the transaction.

Potential purchasers are looking to take advantage of low rates, despite worries about job security.

The original so-called payment holiday started in March and was set to end next month.

Loans with coronavirus-related forbearance have to be reported as current to the credit bureaus but there’s a ripple effect from them that has implications for credit reports and underwriting.

Central Ohio home sales fell sharply in April and dropped to their lowest level in a decade nationally, as the coronavirus pandemic took full hold of the real estate market.

Signed purchase agreements dropped 20%, but the sales that closed in April showed buyers still paying top dollar.

A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.

With mortgage rates reaching all-time lows in the opening quarter, refinance originations were up in 97% of housing markets during 1Q, according to Attom Data Solutions.