Industries

The Federal Housing Finance Agency on Wednesday officially increased the target for loans purchased by Fannie Mae and Freddie Mac that benefit affordable housing, but the uptick is not satisfying housing advocates.

Mortgage Contracting Services will close the Utah office of its MCS Valuations subsidiary and consolidate its operations into three offices nationwide.

Home sales in July rose 11.3% from a year earlier, as lenders appear to be loosening access to credit, according to Re/Max.

Mortgage lending to low-income families could increase slightly under a plan by Federal Housing Finance Agency Director Mel Watt.

CoreLogic has launched a new intelligence tool aimed at improving marketing segmentation and risk detection.

The share of refinancing activity as part of the origination market fell in July, according to the Ellie Mae Origination Insight Report.

Mortgage application volume grew 3.6% on a seasonally adjusted basis compared with the week prior, according to the Mortgage Bankers Association.

Home sales in California continued to rise in July, even as home prices remain elevated, according to a new report.

The California Housing Finance Agency has forged partnerships with two federal agencies to provide lower interest rates to multifamily developers as a way to encourage more affordable housing.

The $3.9 billion-asset Luther Burbank Savings has opened retail loan origination offices in several Southern California cities to produce more jumbo mortgages. It is one of several lenders in the region that think jumbo loans are worth the risks to achieve growth.

Melissa Cohn has opened MC Home Loans looking to recreate the success she had at Manhattan Mortgage.

First-time homebuyers between 2010 and 2013 were slightly younger than in the previous four-year period, according to Zillow.

New-home construction climbed in July to the highest level in almost eight years, indicating the industry will pick up in the second half of the year.

J.G. Wentworth Co. has begun a marketing campaign to call attention to its new home-lending business.

The Houston housing market still runs the risk of a pullback, based on a range of economic conditions affecting the city, according to Fitch Ratings.

Confidence among homebuilders climbed in August to the highest level in almost a decade, indicating the residential real estate market is making strides.

Four more Federal Home Loan Banks have won regulatory approval to participate in a program that allows member institutions to sell jumbo mortgage loans through a conduit to Redwood Trust.

The New York metro area leads the nation in commercial and multifamily construction starts, according to a new report.

As the Small Business Administration's flagship 7(a) loan program breaks records, its other loan program stagnates. Advocates for so-called 504 loans hope a drive to permit CRE refinancing will inject new life.

Applications for mortgages for new purchases fell 4% in July compared to June, according to the Mortgage Bankers Association.