Mortgages

With affordability down to its lowest level in nearly 10 years, average wages aren't enough to afford a home in 75% of local housing markets, according to Attom Data Solutions.

Savannah, Ga., area homes sales continue to heat up moving into the summer month's breaking records in both April and May.

Metro Atlanta home prices are up 9.9% from a year ago, even as the number of sales has slipped.

Incenter Mortgage Advisors is facilitating the sale of more than $10 billion in mortgage servicing rights tied to Fannie Mae and Freddie Mac loans originated by mortgage brokers.

Here's a look at the 12 housing markets where mortgage lenders have to compete the most for borrowers' business.

Mortgage rates slid over the past week and have now declined in three of the past four weeks, according to Freddie Mac.

Sales of previously owned homes unexpectedly fell in May for a second month as a lack of inventory and elevated asking prices weighed on demand, National Association of Realtors data showed.

Walker & Dunlop has been approved as a seller and servicer under Freddie Mac's Affordable Single-Family Rental pilot program, allowing the company to focus on middle markets.

House listings in the Twin Cities posted a rare increase last month, a slight shift in the long-running sellers' market.

The Buffalo Niagara, N.Y., housing market is getting even tighter.

Mortgage application activity increased 5.1%, rising for the second time in the past three weeks, according to the Mortgage Bankers Association.

Higher interest rates on home mortgages drove the share of loans used to purchase houses rather than refinance to new heights in May.

Ginnie Mae is looking to start a pilot program to securitize digital mortgages as early as 2019, but issuers would not be able to commingle loans using traditional paper files in those deals.

Paycheck information gleaned from bank accounts is emerging as an alternative to verifying a mortgage applicant's income and employment with a 4506-T tax transcript request to the IRS.

Ruoff Financial will make its first push into banking with the purchase of SBB Bancshares.

Long-time mortgage industry veteran A.W. Pickel III is the new president of Waterstone Mortgage as Eric Egenhoefer has elected to concentrate on the chief executive position.

Resale inventory is at its lowest level in 18 years and new construction supply continues being outpaced by high demand, according to CoreLogic.

The groups applauded a proposal to establish minimum GSE capital requirements, but called for more immediate steps to release the companies from conservatorship.

One-time Modesto City Council candidate Robert Farrace, an attorney and real estate broker, was sentenced to two years in federal prison for defrauding real estate lenders.

Despite the long, stratospheric rise of home prices in the U.S., the inflation-adjusted monthly payment on the median single-family home in 2017 was less than in 1987, when home prices were lower but interest rates were higher.