Mortgages

After hiring half the laid-off staff from Live Well Financial, Open Mortgage plans to engineer a careful transition to operating as a larger-scale business.

Home price appreciation turned the corner into negative territory, with values down for the second straight month, according to Zillow. Before April, property values continued growing for 85 months in a row.

First National Bank of Pennsylvania has filed a commercial mortgage foreclosure action against Conneaut Lake Park Volunteer Fire Department to collect more than $400,000 in outstanding loan debt, interest and penalties.

The number of property foreclosures in Monroe County, Michigan, continues to decline, continuing a trend for the past decade, county Treasurer Kay Sisung said.

If current inventory shortages continue, rising costs will limit housing options for many American buyers and renters, according to a new Harvard Joint Center for Housing Studies report.

Will the runoff of MSRs leave a hole in the capital of the mortgage finance industry?

Sales of new homes fell to a five-month low in May, adding to signs of weakness in the sector despite lower mortgage rates.

Home-price gains in 20 U.S. cities decelerated in April for a 13th straight month to the weakest pace since 2012, indicating further moderation in the housing market, particularly in once-hot West Coast areas.

Driven by job growth and low interest rates, central Ohio home sales jumped more than 5% in May, the biggest leap in two and a half years.

Marin County, Calif., shares the top spot for most expensive places in the nation to rent a home, according to a new study.

More than half of the benefit of repealing the $10,000 deduction cap for state and local taxes would go to millionaires, according to Congress's nonpartisan tax scorekeeper.

Blend, a mortgage technology firm that named former Fannie Mae CEO Tim Mayopoulos its president early this year, has raised $130 million in Series E funding for an expansion.

Because automated valuation models have not been subjected to a stressed housing market, their increased use holds negatives and positives for residential mortgage-backed securities credit quality, a Moody's report said.

Trash and broken furniture cover the stained carpet at the boarded, long-vacant house in Trotwood, Ohio, where paint strips hang like confetti from the ceiling and an awful smell fills the air as soon as Chad Downing unlocks the door.

For months, Palm Beach County's tepid housing market seemed unaffected by the combination of a booming job market and rock-bottom mortgage rates.

May was a record-setting month for the housing market both in the city of Austin and Central Texas as a whole, the Austin Board of Realtors said.

LoanDepot will accelerate hiring initiatives in the third and fourth quarter as it plans to add 1,400 new jobs by the end of 2019. The company credits its technology efforts for the growth opportunities.

Real value comes from the wholesaler using a hands-on approach to ensure that a mortgage broker's customers are treated to the best experience for the life of the loan.

Large banks had huge losses from originating mortgages in 2018 as costs were three times higher than similar-sized independent lenders, according to research conducted by Stratmor and the Mortgage Bankers Association.

Although the performance of the government-sponsored enterprises' single-family loans continues to improve, the deeply delinquent totals remain significant in states with court-processed foreclosures.