Economy

If the Federal Reserve raises short-term rates in June, market volatility will spur investors to buy long-term bonds, driving down the 30-year mortgage rate to around 3%, consultant Barry Habib argues.

It took an average of 46 days to close a residential mortgage loan in February, the shortest closing time since May, according to Ellie Mae.

While the $1.9 billion of bonds are not guaranteed by the government, most of the underlying loans could have been sold to Fannie and Freddie, and the transaction accomplishes the same thing as the GSEs' risk-transfer deals.

The Department of Housing and Urban Development's proposed addition to the Housing Choice Voucher Program represents a significant deviation from its stated mission of promoting homeownership.

The downturn in the refinance market led to a decline in total mortgage applications last week, according to the Mortgage Bankers Association.

New-home construction rose more than economists forecast in February, led by the strongest single-family building in more than eight years, signaling continued confidence in demand for residential real estate.

The 30-year fixed-rate mortgage averaged 3.55% for the week ending March 15, according to Zillow Mortgages.

We're counting down the list of this year's 300 Top Producers. It's time to find out who made the Top 10!

W.J. Bradley Mortgage Capital will wind down its business, after it stopped funding new mortgage loans on Sunday.

Confidence among homebuilders held in March at a nine-month low as sales prospects waned, a sign the housing market may be struggling to accelerate as the spring-selling season approaches.

Lenders are getting stingier when it comes to funding risky U.S. real estate developments, putting pressure on landlords in need of fresh funding to keep their projects afloat.

Total commercial and multifamily mortgage debt outstanding increased in the fourth quarter of 2015, according to the Mortgage Bankers Association.

JPMorgan Chase is preparing one of the largest private-label mortgage securitizations since the financial crisis.

We're counting down the list of this year's 300 Top Producers. Check out which loan officers made the cut in the penultimate segment of the list!

Prosper Marketplace on Monday announced a three-year agreement to offer financing to consumers making improvements to their homes through the website HomeAdvisor.com.

Fannie Mae and Freddie Mac gave $186 million to the National Housing Trust Fund, their first such contributions to a fund designed to provide construction and rehabilitation of rental housing for low-income families.

The Federal Home Loan Bank of San Francisco is exploring ways to use $40 million it received as part of a private-label securities settlement to support small business development and job creation to help future homebuyers.

Home equity lenders are putting more loans on the books, thanks to increasing property values. But utilization rates are falling, not increasing, and older loans are paying off at a faster clip than lenders can replace them.

We're counting down the list of this year's 300 Top Producers. Check out which loan officers made the cut in the ninth segment of the list!

The American Bankers Association's mortgage subsidiary, ABA Community Bank Mortgage, has chosen BOK Financial Correspondent Lending to be its newest secondary market investor.