Underwriting

Bucking their rent-not-own reputation, millennials are looking forward to buying a home, but many have grossly underestimated just how much they'll need for that all-important down payment.

The National Association of Realtors is teaming up with a coalition of environmental groups, taxpayer advocates and insurance companies to push Congress on flood insurance reforms.

The Department of Housing and Urban Development is continuing to reject calls to slash the annual premium for the Federal Housing Administration despite a renewed push by the National Association of Realtors. But some predict the FHA may eventually cave in.

Purchase mortgage activity, which normally picks up in March and April, is getting an extra boost from an improving economy, the Mortgage Bankers Association reported.

Total mortgage income at B of A was $433 million, down from $694 million a year ago as the strategy of putting loans on its balance sheet meaning the bank gets less gain-on-sale revenue.

Wells Fargo & Co. said first-quarter profit fell 5.9% as the firm set aside more money for soured energy loans and expenses increased.

The average profit on each loan originated in 2015 by independent mortgage banks and mortgage subsidiaries of chartered banks jumped by more than $400 from the previous year, according to the Mortgage Bankers Association.

Radian Guaranty's new reinsurance agreement will only cover single-premium mortgage insurance policies, a first for the company. These policies have higher capital requirements under the new secondary market standards.

Hint: businesses should be focused on data strategy and security, from the individual up to the enterprise level.

Fannie Mae and Freddie Mac's experiments with selling credit risk to investors are a critical element of new plan to merge the two entities and move them out of conservatorship, but what form so-called credit risk transfers take could make a big difference.

Eight years after subprime mortgages all but disappeared, U.S. buyers with bad credit can still own homes.

The total number of loan programs being marketed declined in March, as fewer conventional offerings offset a loosening of standards on government products, according to the Mortgage Bankers Association.

The housing market has been improving but mortgage credit remains "stubbornly" tight on loans bought by the government-sponsored enterprises, according to a chief housing adviser at the White House.

First-lien mortgage originations totaled $1.82 trillion in 2015, a 43% increase from the previous year, according to Equifax.

JPMorgan Chase is funding a $125 million, five-year program that will provide affordable housing in communities that are at risk of gentrification.

Ruth Paloma Rivera just bought her first home, battling her way through the paperwork obstacle course that is the post-crisis American banking system.

Appraisal management company Solidifi has acquired Linear Title & Closing, a provider of national title searches and mortgage closing services.

Fifth Third Bank is offering a teaser rate to new home equity line of credit borrowers through July 31.

The number of misrepresentations in mortgage applications continued to decline in February, benefiting from lenders' increased spending on compliance, said First American Financial Corp.

American International Group Inc.'s mortgage insurer, United Guaranty Corp., filed for an initial public offering as the parent company faces sustained pressure from activists to split up.