Economy

The sweeping, five-year highway bill may include some key concessions for small financial institutions, but the deal has left many in financial services frustrated. Here's why.

The commercial mortgage-backed securities delinquency rate improved by double-digit basis points in November, fulfilling Trepp's forecast for a large monthly improvement.

Mortgage applications dipped slightly during Thanksgiving week on lower refinance activity, according to the Mortgage Bankers Association.

With the Consumer Financial Protection Bureau's disclosure rule potentially slowing down the loan process, institutions need to focus on communication strategies to keep young borrowers at the closing table.

Home prices rose 6.8% in October compared to the same month last year, according to CoreLogic.

Loan modifications declined 18% during the third quarter to 337,000, a sign of an improving market, according to Hope Now.

The delinquency rate for commercial and multifamily mortgages improved for most categories of investors in the third quarter, according to the Mortgage Bankers Association.

HomeUnion has formed a mortgage-brokerage division that will focus on investors in single-family rental homes.

Williston Financial Group has formed a subsidiary to focus on providing technological improvements to mortgage and real estate transactions.

With an interest rate increase by the Federal Reserve Bank increasingly looking imminent, what else has to happen to set the stage for a return to adjustment-rate mortgages?

Quicken Loans will be the primary sponsor for Kasey Kahne of Hendrick Motorsports for three races during the 2016 NASCAR season.

Kal Raman has resigned as president and chief executive of Xome, the digital platform of the nonbank mortgage servicer Nationstar Mortgage Holdings.

Home prices rose slightly in September, posting year-over-year growth of 5.5%, according to Black Knight Financial Services.

Anticipation of rising interest rates has stirred more talk among mortgage lenders about the need to originate loans to borrowers with low credit scores.

As affordability worsens near city centers, first-time homebuyers will move to the suburbs in greater numbers, according to 2016 predictions from Zillow.

Though regulation-mandated technology upgrades give vendors little time to rest, the growing acceptance of data standardization should appeal to both lenders and regulators.

Contract signings to purchase previously owned homes rose less than forecast in October after declining in the prior two months, showing residential real estate is cooling heading into the quieter selling season.

Jeff Patmont got his home loan on his phone. The 30-year-old marketing manager for a medical-device company said he did almost everything electronically for the mortgage on his home in the San Francisco Bay Area.

Freddie Mac's Multi-Indicator Market Index is pursuing its slow climb, but still shows housing recovering unevenly across the nation.

A plan by the government-sponsored enterprises to begin collecting the new Closing Disclosure data is designed to promote Fannie Mae and Freddie Mac's loan quality goals. But the initiative may also prompt broader use of e-signatures and paperless processing.