Mortgages

Two Texas cities have landed at the top of a list of the country's hottest housing markets.

Despite rising mortgage rates and a dismal start to the fall, homebuilders in the Twin Cities are picking up the pace.

The housing finance agency, which is increasingly at the forefront of reform discussions, has been without a permanent chief for almost two years.

While the average down payment percentage of purchase price stayed mostly flat, the average dollar amount dropped 10% from the previous quarter, according to LendingTree.

Thousands of homeowners in San Francisco, Los Angeles and Chicago are headed out of town.

There was a 1.3% uptick in mortgage application defects in September from the previous month, with states affected by Hurricane Florence showing preliminary spikes in activity following the storm, according to First American.

Fannie Mae has priced more securities that support a transition away from the London interbank offered rate.

Average new-home prices increased in four major Texas markets in September, with prices edging up 0.7% to $357,364 in the Houston area, according to a new report by HomesUSA.com.

Sonoma County, Calif., home sales plunged last month to the lowest level for September in 11 years, the clearest sign yet of a housing market slowdown.

Mortgage industry hiring and new job appointments for the week ending Oct. 26.

Rising interest rates and the continued slowdown in mortgage originations prompted Ellie Mae to cut its revenue forecast for the full year by at least $18 million.

The Money Source is the latest mortgage company partnering with Ellie Mae to streamline workflows between lenders and correspondent investors through Encompass Investor Connect.

Contracts to buy previously owned homes rose for the first time in three months, indicating that the recent market slump may be starting to stabilize, National Association of Realtors data showed.

City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing.

The fight for stronger rent control in California appears headed for a fiery demise, according to the latest poll by the Public Policy Institute of California.

High property values and low mortgage rates pushed commercial and multifamily originations beyond their projected totals in 2017 to a new market peak, according to the Mortgage Bankers Association.

All four national title insurance underwriters saw an increase in third-quarter net earnings compared with one year prior even as new orders declined because mortgage origination volume fell this year.

Mortgage rates increased slightly across the board, even as the Dow Jones Industrial Average fell nearly 1,000 points over the past few days, according to Freddie Mac.

Home price appreciation is continuing to decelerate due to affordability concerns that are unlikely to let up even though recent market developments have put some downward pressure on mortgage rates.

Housing recoveries usually look like this: sales pick up momentum, price increases follow and there is a good flow of new properties coming on the market to keep up buyer interest.