Originations

Businesses in the first quarter lost money in 1 of every 7 home sales, a rate which approached a seven-year high, Redfin said.

The company will acquire 20 branches and some origination employees in the deal.

It was the eighth consecutive quarterly decline of origination activity, according to a report published by Attom Data.

Those thinking about entering this space should consider whether they can build a sustainable operation in scale, niche or relationship lending, a report by Stratmor Group argues.

The 30-year average for both conforming and jumbo loans jumped more than 20 basis points, according to the Mortgage Bankers Association.

Prospective borrowers are looking at cross-country moves more often than a different domicile within their city's borders, the real estate platform found.

But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.

Limited regulation and elevated volatility limit current activity, but new offerings are still finding their way to market.

People in the industry use the terms interchangeably, but Washington State is warning brokers that they are not the same and other regulators could follow.

The decrease between February and April came in far smaller than typical seasonal trends, Redfin said.

Housing market players navigated big changes, and controversy, as the spring market moved forward.

An analysis shows how much money consumers are losing by not comparing offers from different lenders.

Investors are concerned that a deal will not be reached in Washington and a default will take place, driving up the benchmark 10-year Treasury yield.

Home purchasers had to come up with 0.9% more in April versus what they would have paid in March and 11.8% higher on a year-over-year basis, the Mortgage Bankers Association said.

The unit was looking to remain as a team, but reportedly the buyer was only interested in the sales staff.

The transaction helps cement WFG's place in the Bay Area market, something it has targeted since its 2010 founding, Chairman Patrick Stone said.

The 30-year conforming average reached its highest point since March last week, while loan application volumes finished 35% below their levels from a year ago, a trade group said.

Purchases of new single-family homes increased 4.1% to an annualized 683,000 pace last month from a downwardly revised 656,000 rate in March, government data showed Tuesday.

Some stakeholders have worried about the estimated date for the transition to a new way of calculating credit worthiness, but an official assured attendees at an industry conference that the agency won't act prematurely.

Starting June 7, the enterprise's platform will be able to analyze pay stub information.