Underwriting

While precise definitions vary, the term generally describes a smooth customer experience that may not even require a phone call or branch visit.

As mortgage rates continued to move higher, the share of home purchase loans began to increase in December, according to Ellie Mae.

The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.

The default rate on first mortgages increased a single basis point in December compared with November but was down 13 basis points over the same month last year, according to the S&P/Experian Consumer Credit Default Indices.

JPMorgan Chase's net mortgage banking revenue for the fourth quarter was $1.69 billion, an increase of just 1% over the same period in 2015.

The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.

Banks have started reconsidering how much they are willing to pay for low-income housing tax credits as expectations of a Trump tax cut surge, slowing down some projects already and threatening developers with heavier financing burdens.

Mortgage applications for new home purchases rose 2% year over year in December, the Mortgage Bankers Association reported.

Mortgage rates moved lower for the second consecutive week on the market's reaction to November's employment numbers, according to Freddie Mac.

Mortgage application volume started off 2017 on a good note as activity increased 5.8% from one week earlier, according to the Mortgage Bankers Association.