Mortgages

While Ada and Canyon County, Idaho, home prices keep setting records, a credit rating service warns that Idaho home prices are among the most overvalued in the nation.

Higher prices but fewer sales led to a roughly $20 million reduction in residential real estate sold on Maui last month, according to the Realtrs Association of Maui.

Canadian home sales activity continued to rebound last month, suggesting the nation's housing market is improving after a sluggish start to the year.

Completed foreclosures shot down 50% in May from the year before, with overall activity also declining by 22% during the same period, according to Attom Data Solutions.

In cities across the country, the affordable housing situation spans a bleak spectrum. In light of this, the Mortgage Bankers Association launched an initiative to address the needs of underserved markets.

Quicken Loans claimed victory in its dispute with the Department of Housing and Urban Development over the False Claims Act, only paying the agency for losses incurred and interest.

Guild Mortgage is targeting Airbnb hosts with its new refinance program, allowing them to use short-term rental income to qualify for a new loan on their owner-occupied primary residence.

Cerberus affiliate FirstKey Mortgage will pool outstanding first- and second-lien loans totaling $277.7 million drawn from 1,732 seasoned and performing HELOCs.

The pace of sales in the metro Atlanta housing market slowed last month, despite a spring surge in the number of homes listed for sale, according to the Atlanta Realtors Association.

A historically low number of homes were built in San Diego County in the first three months of 2019.

There are clear actions that regulators at the CFPB, SEC and FHFA can take to help attract investors into the housing market, argues former FHFA Director Ed DeMarco.

Mortgage industry hiring and new job appointments for the week ending June 14.

The Federal Housing Finance Agency has appeared willing to take its own steps to reform Fannie Mae and Freddie Mac, but legislation would be necessary to create an explicit guarantee of the mortgage system.

Presidential candidate Sen. Elizabeth Warren, D-Mass., and another Democratic senator are asking whether Kushner Cos. "may have received special treatment" on a U.S.-government-backed loan of about $800 million.

The Indiana company, which has an acquisition pending, will make more loans in minority neighborhoods around Indianapolis.

The interpretation by HUD, conveyed in a letter to Congress by Assistant Secretary Len Wolfson, appeared to contradict the agency's earlier comments about borrowers in the Deferred Action for Childhood Arrivals program.

Despite the Fair Housing Act going into effect 51 years ago, LGBTQ+ still face discrimination when buying a home or applying for a mortgage.

Appraisal Logistics is letting mortgage lenders take the lead by licensing out its in-house technology platform, AIMPort.

Lower interest rates and slower price growth helped to boost mortgage applications to purchase newly constructed homes during May, the Mortgage Bankers Association said.

Ally wants to increase productivity and improve the use of analytics to build on customer relationships.