Mortgages

The Mortgage Bankers Association anticipates recent developments will change dynamics in the market for lending on income-producing properties.

California lawmakers have sent a bill to Governor Gavin Newsom's desk that would expand a state-backed down payment assistance program to undocumented immigrants who are looking to buy a home.

A gauge of pending U.S. sales of existing homes sunk in July to the lowest level on record, as high prices and borrowing costs continue to scare buyers away.

A Congressional Budget Office study looks under the hood at homeowners insurance and considers strategies like expanding the federal coverage beyond floods.

The average payment fell to $2,140 from $2,167 in June, according to the Mortgage Bankers Association.

Recent rate movements have failed to result in significant purchase growth, but refinances are providing lenders some lift.

Nonbank mortgage users signing up for the new CFPB registry will be able to leverage the Nationwide Mortgage Licensing System but new guidance lays out some of the limits to the efficiencies.

While lower rates have piqued borrower interest, most are waiting for some key events to pass before buying or refinancing, originators said.

Real estate agents and loan officers from post-Soviet states say the war has altered relationships between one another and made dialogue with some clients strained.

Purchases managed a small rise, but refinance activity held steady, according to the Mortgage Bankers Association.