Mortgages

Live Well Financial, a reverse and traditional mortgage lender that abruptly stopped originating on May 3, will lay off 103 employees, according to a Virginia Employment Commission filing.

Consumer expectations of further mortgage rate drops leaves them seemingly in no rush to enter the purchase market which could be why their optimism on home buying is falling, a Fannie Mae report said.

Home price appreciation remained modest as affordability and tight inventory keep demand down, though prices are expected to accelerate in 2020, according to CoreLogic.

Lower interest rates caused mortgage serving rights runoff plus a charge to the fair value of that portfolio and led to Ocwen Financial posting a first-quarter loss.

Regions Bank, like many lenders, has seen its refinancing volume shrink dramatically as a percentage of overall originations over the last few years, prompting it to refocus its mortgage bankers on very different purchase originations.

Lubbock, Texas, recently ranked in the top 100 cities where owning a home is the most affordable.

The peak spring home-selling season is in full swing in metro Denver, but it is proving to be a much tamer affair this year than last.

Two nonprofits threatened by the effort say the Department of Housing and Urban Development tried to avoid scrutiny last month when it announced the new policy outside the formal rulemaking process.

Toronto's housing market entered the busy spring property season with a bang, as sales surged 17% in April compared with a year earlier and prices also pushed higher.

Customer retention for mortgage servicers hit an all-time low at the start of the year, and a sensitive mortgage rate environment is only creating more competition, according to Black Knight.

Consumers always want more bang for their buck and are moving to places where their dollar goes further. With that as a driver, here's a look at the 10 hottest housing markets homebuyers are flocking to, according to Redfin.

Securitized loans originated outside the Qualified-Mortgage rule's parameters have looser underwriting guidelines than mainstream loans do today, but are more tightly underwritten than past subprime or alternative-A products, according to DBRS.

Private-label mortgage securitizations with variable servicing fee arrangements could become more common going forward as issuers look to increase investor cash flow while reducing the loan servicer's economic exposure, Fitch said.

Lending against single-family home construction is an area where depositories have traditionally faced little competition. That's starting to change.

Tight housing inventory and some unexpected behaviors from potential buyers and sellers of homes have prompted Citizens Bank to make changes to its services and mortgage-loan products.

Housing sales in New Mexico slowed in the early months of 2019, but still look strong, according to an official with New Mexico Association of Realtors.

It's been a dreary spring for many homebuilders in the Twin Cities.

Many young working people can't afford to buy their own homes and are looking for help from their parents, who in turn are getting squeezed financially.

Alarmed about continued high nonmarket-based prepayment rates, Ginnie Mae is requesting input from lenders on how to make the mortgage-backed securities it guarantees fairer to investors without hurting borrowers.

Mortgage application fraud risk came in hot at the start of the year, but two housing market conditions worked against each other to bring growth to a halt, according to First American Financial Corp.