Marketing

Home prices in New York's Hamptons fell the most in almost three years as buyers in the beachfront towns sought out less-expensive properties and shunned the middle of the market, priced from $1 million to $5 million.

Mortgage rates slipped from last week's spike and the 30-year fixed-rate mortgage eased back to its summertime range below 3.5%, according to Freddie Mac.

Walker & Dunlop has agreed to acquire George Elkins Mortgage Banking Co., which originates commercial real estate loans for life insurers, banks, trusts, pension funds and other private capital sources.

Home prices, when adjusted for income and interest rates, decreased in August by 2.6% on a year-over-year basis, making properties more affordable, according to First American Financial Corp.

Profit fell at SunTrust Banks during the third quarter because of higher costs for technology and deposit insurance premiums, as well as an unfavorable yearly comparison.

A simple rhyme reminds one loan officer in a bustling California housing market to stay focused, committed and to treat every loan equally.

ClosingCorp has rebranded its Loan Estimate and Good Faith Estimate products as a single service, SmartFees.

Rates for the 30-year conforming fixed-rate mortgage rose above 3.5% for the first-time since before the Brexit vote, according to Freddie Mac.

Shifting demographics are leading to a rise in the number of millennials and minorities, but homeownership rates among these groups remain depressed. One contributing factor is the lack of mortgage industry hiring and marketing focused on these demographics.

Bank of America's first-mortgage originations increased 23% over the third quarter of 2015, as rates remained near record lows throughout the summer.