Economy

While negative equity rates continue to drop nationally from their 2012 peak, the share of homeowners underwater in the Rust Belt remains elevated, according to Zillow.

Despite financial obstacles and lifestyle choices that can delay the journey to homeownership, millennials are buying homes in these affordable metro areas with steady job growth.

JPMorgan Chase's next residential mortgage securitization looks a lot like the six deals it completed in 2015: it is backed by jumbo loans to high-quality borrowers that the bank acquired from other originators.

Home purchase sentiment continued to rebound from an 18-month low in May, according to Fannie Mae's Home Purchase Sentiment Index.

TRID wasn't as hard on the wholesale channel as was once feared, but some parties involved in the process still either do not fully understand the rule or haven't perfected their operations to handle it.

Independent mortgage banks and mortgage subsidiaries of chartered banks managed to grow profits from the fourth quarter despite lower interest rates and production volume, according to the the Mortgage Bankers Association.

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

Rick Elmendorf's annual movie night — this year featuring the premier of the new Star Wars film — for his clients and business associates (along with their families) helps to create new referral relationships for this Washington Metro area loan officer.

BentleyForbes once owned such renowned properties as the Watergate in Washington and Bank of America Plaza, Atlanta's tallest skyscraper. Now the company is on the verge of vanishing.

Home prices in April were 6.2% higher than a year ago, according to the CoreLogic U.S. Home Price Report.

Ocwen Financial Corp. in West Palm Beach, Fla., will lay off 120 employees as part of a plan to reduce costs.

Banks are increasing their construction lending to builders but access to land acquisition and development loans remains tight.

A growing economy during the first quarter meant that the U.S. housing market as a whole moved toward buying a home versus renting, an indication of soundness, according to a quarterly report put together by professors at two Florida universities.

Cash sales are falling overall, but still represent the majority of sales involving homes in the lowest tier of property values, according to Black Knight Financial Services.

MFA Financial has carved out an impressive niche for itself by buying reperforming and nonperforming residential mortgages and securities.

There's not enough origination volume to sustain seven private mortgage insurers and the number of underwriters may need to shrink, warns MGIC CEO Patrick Sinks.

New York's State Assembly has passed legislation that seeks to address problems related to preforeclosure vacant and abandoned properties.

Increased loan production during the spring home buying season has nonbank mortgage lenders stepping up their hiring.

The Federal Deposit Insurance Corp. has reached a $190 million settlement with eight large financial institutions over residential mortgage-backed securities claims as the receiver of five banks that failed during the crisis.

The 12-member committee is expected to advise HUD on how to improve housing counseling and make it more accessible.