Underwriting

The average for the 30-year fixed-rate mortgage this week topped 4% for the first time since 2015 as 10-year Treasury yields continued their post-election climb, according to Freddie Mac.

First Community Mortgage has added six loan products to its menu, each targeted to borrowers who are not eligible for a conforming or government mortgage.

While nonbank servicers are expected to continue to gain greater market share in 2017, much of that growth will come from their own loan origination activity rather than mortgage servicing rights purchases and subservicing, according to a report from Fitch Ratings.

Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes — and financial penalties — not to mention higher compliance costs and longer delays in closing loans.

Mortgage rates for 30-year loans skyrocketed to a 10-month high as investors reacted to Donald Trump's presidential election win by pulling money out of the bond market, driving up yields that guide home loans.

As the Justice Department winds down its Mortgage Fraud Task Force and a new administration prepares to enter the White House, the number of False Claims Act cases brought against Federal Housing Administration lenders is expected to dwindle.

Commercial mortgage lenders, and investors in their bonds, have been more eager than the residential market to embrace Property Assessed Clean Energy loans even though those loans hold a superior-lien position. Here’s why.

Five credit unions in three states have partnered with myCUmortgage, a provider of outsourced origination and servicing programs.

The spike in borrowing costs in response to President-elect Donald Trump's pro-growth agenda is causing some heartburn in America's housing industry.

Experian, like fellow credit bureaus TransUnion and Equifax, is now offering trended credit reports to lenders that originate single-family loans.

None of President-elect Donald Trump's tax reforms target the mortgage interest deduction, according to a member of his economic advisory council.

While mortgage rates moved somewhat higher in the period before the election, after the results were known, the yield on the 10-year Treasury broke above 2%, according to Freddie Mac.

Mortgage application volume decreased 1.2% from one week earlier as rates increased to their highest level since June, according to the Mortgage Bankers Association.

Lenders have the most consumer-facing role in the mortgage industry. By adopting three cultural adjustments, they can introduce more diversity into the workforce and create sustainable businesses and stronger communities.

Trends in commercial real estate lending, which has reached record levels at U.S. banks, are unsustainable, Fitch Ratings warned.

Credit Suisse is marketing $767 million of bonds backed by 53 mortgage that are secured in turn by 199 commercial properties.

Since the government-sponsored enterprises began experimenting with both frontend and backend deals in which part of the credit risk is shared with third parties, investors have been watching carefully.

American International Group has been increasing lending for apartments as the company seeks to counter low yields on publicly traded bonds and volatility from hedge fund holdings.

Fannie Mae's new representation and warranty relief offers lenders a long-awaited incentive to use its automated loan validation technology. But is it enough for lenders to make the necessary technology updates and process changes to implement the tools?

Mortgage rates increased 7 basis points to their highest level since late June, the largest one-week gain in more than six months, according to Freddie Mac.