Mortgages

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

New Penn Financial has launched a condo loan program that features more flexible property restrictions than what's allowed under Fannie Mae and Freddie Mac guidelines.

Mortgage origination volume continues to decline as homebuyers receiving loans bring more money to the closing table.

Overall home sales on the Virginia Peninsula in August were on par with last year, but the median sales price of existing or resold homes continued to increase.

Local home sales and prices kept rising at a rapid clip in August, continuing a six-year trend that has made homeownership increasingly difficult for San Antonio's middle class.

Mortgage rates jumped 6 basis points over the past week, which led to the largest year-over-year gain in over four years, according to Freddie Mac.

Home prices in 40% of the 35 largest metro areas remain below their precrisis peak, a sign that values in much of the country are far from bubble territory, Zillow said.

Staggering home prices and steep tax rates are pushing people from expensive cities along the coasts to more affordable locales.

The Federal Housing Finance Agency issued a proposal Wednesday that would require mortgage giants Fannie Mae and Freddie Mac to align their policies on cash flows for current mortgage-backed securities, and eventually for a uniform security when it is implemented next year.

Homebuyers are seeking financing options first before even looking for a house, according to loanDepot.

Stearns Lending is buying large equity stakes in smaller mortgage banking companies as it looks to grow its retail loan production business.

The number of Americans who are behind on their mortgage payments is the lowest in more than a decade.

Home sales in the Charlotte metro region continued to decline in August, a sign that more buyers are having trouble finding houses in a tight market.

Mortgage applications decreased 1.8% from one week earlier as refinance submissions fell to their lowest in nearly 18 years, according to the Mortgage Bankers Association.

Housing prices continued their upward trend in August in the Baltimore metro area, with a median sales price of $280,000, up 5.7% from a year ago.

Housing finance reform is still likely years away, but a growing chorus of lawmakers say the government guarantor has the ability to clear the path to a final plan.

The serious mortgage delinquency rate sank to its lowest June reading in 11 years, though recent natural disasters pose risk to loan performance in affected areas, according to CoreLogic.

Fund manager Varde Partners wants to grow its partnerships with lenders and servicers interested in selling off their excess mortgage servicing rights.

Mortgage credit accessibility dropped for the first time in four months as jumbo loan products took a step back, according to the Mortgage Bankers Association.