Economy

The foreclosure inventory rate in July reached the lowest level recorded for any month since August 2007, according to CoreLogic.

A fintech startup called Point is allowing consumers sell a piece of their home equity to investors, rather than borrowing against the value of their houses.

Walter Investment Management Corp. subsidiary Ditech Financial will begin to enroll a number of rejected loan applicants in a new program aimed at helping people qualify for a mortgage.

From gathering information on buildings to complex income and asset profiles of buyers, loan officers in New York have many bases to cover and hurdles to leap. Debra Shultz of Guaranteed Rate makes it look easy.

The average down payment percentage rose 49 basis points for a conventional 30-year fixed-rate mortgage between the first and second quarters, according to LendingTree.

Home purchase lending hit its highest point since 2007 as low interest rates and growing consumer confidence continue to support the housing market.

The percentage of vacant bank-owned properties is larger now versus a year ago as banks are completing more foreclosures, according to Attom Data Solutions.

The owner of 9 West 57th St., an entity controlled by real estate developer Sheldon H. Solow, is using the loan to refinance the building, cashing out $485 million of equity in the process.

Regardless of who wins in November, the mortgage industry will see significant changes, but Hillary Clinton and Donald Trump would take very different approaches to housing and regulatory issues, said Mortgage Bankers Association President and CEO David Stevens.

Ocwen Financial Corp. failed two compliance tests related to force-placed insurance during the fourth quarter of 2015, according to the monitor of the National Mortgage Settlement.

Mortgage rates moved slightly lower for the week, helping to spur ongoing refinance activity, according to Freddie Mac.

Though the Federal Housing Finance Agency has yet to provide full details about its new refinancing program to be launched next year, some analysts and industry observers are already convinced it will have only a limited impact.

Home purchase sentiment fell in August as home price expectations and other components decreased from record highs one month ago, according to Fannie Mae.

Affiliates of Goldman Sachs, Lone Star Funds and Neuberger Berman are among the winners of Fannie Mae’s latest nonperforming loans auction.

Purchase loans experienced a 52% seasonal increase on a quarterly basis during the second quarter, reaching the highest level both in terms of volume and dollar amount since 2007, according to Black Knight Financial Services.

Home prices rose again year over year in July and are expected to do the same this time next year, according to CoreLogic.

Efforts to expand diversity and inclusion are critical to any industry, but they're becoming especially important in mortgage finance, where the customer base is evolving and more millennial and multicultural consumers are ready to buy homes.

Home prices have returned to their precrisis peaks, but homeownership rates keep on slipping.

Mortgage servicing has undergone a dramatic transformation in response to the housing crisis, creating an environment where a focus on the consumer will define how servicers approach their business and regulators oversee their operations.

Depositories still dominate home lending, but nondepositories' market share is the highest it has been in at least two decades. Here's why.