Economy

AI and blockchain technology are going to change the financial services business. How much? Steve Brown, aka "The Bald Futurist" suspects you're underestimating.

House prices maintained their momentum in August, climbing 6.4% across Northeast Ohio.

The changes mandated by the recent regulatory relief law would narrow the definition of "high-volatility commercial real estate" exposures that get a higher risk weight.

To help close deals, there are steps online lenders can take to establish a quick and personal connection with real estate agents.

More buyers could be in the market for new homes as housing authorizations and maintenance volume increased while remodels fell, according to BuildFax.

At Digital Mortgage 2018, Bill Emerson, the vice chairman of Quicken Loans and its parent company Rock Holdings, outlined a vision of dramatic digital disintermediation.

LoanDepot's CEO Anthony Hsieh delivered a bracing message to mortgage lenders on Monday — strong new competitors are coming into this market, so they need to expand their offerings.

Canada's housing market showed continued signs of stabilizing in August, with sales rising for a fourth straight month and prices easing.

Accessing a mortgage applicants' data from a direct source goes a long ways toward shortening the origination process, according to 96% of mortgage underwriters responding to a recent CoreLogic survey.

Customers are increasingly demanding that their mortgage providers provide more than loans; they want help finding a realtor and handling all the pieces of the mortgage process, said Anthony Hsieh, CEO of loanDepot, during the opening keynote at Digital Mortgage.

While new-home construction and sales should rise in the next 18 months, next year's mortgage origination volume estimate was cut slightly as the economy is expected to slow down soon, said Fannie Mae.

Commercial mortgage-backed securities delinquency rates are likely to continue to decrease for the rest of the year, as new issuances outpace maturing loans and precrisis loans continued to get resolved by special servicers, Fitch Ratings said.

A decade after the credit crisis, investors are returning to where it all began. The mortgage sector, blamed in large part for the near-collapse of the global financial system, is now seen by many as a high-quality market forged by fire.

The agency’s director has been under pressure to quit as he is investigated for sexual harassment allegations, but an agency spokesperson says he still plans to testify at a housing finance hearing slated for later this month.

The federal conservatorship of Fannie Mae and Freddie Mac was never supposed to be permanent. Leaving the situation unresolved keeps the agencies undercapitalized and taxpayers exposed to their risk.

If you bought a Bay Area home in 2012, pat yourself on the back.

New Penn Financial has launched a condo loan program that features more flexible property restrictions than what's allowed under Fannie Mae and Freddie Mac guidelines.

Staggering home prices and steep tax rates are pushing people from expensive cities along the coasts to more affordable locales.

The Federal Housing Finance Agency issued a proposal Wednesday that would require mortgage giants Fannie Mae and Freddie Mac to align their policies on cash flows for current mortgage-backed securities, and eventually for a uniform security when it is implemented next year.

Homebuyers are seeking financing options first before even looking for a house, according to loanDepot.