Mortgages

Two Orange County, Calif., men were to federal prison for their part in a mortgage scheme that led to the fraudulent purchase of more then 100 condominium units and $10 million in losses.

Tucson's economy is expected to post healthy gains in jobs, population and income next year, but it's getting tougher to afford a home here.

June 04--DeLeon Realty used to shuttle Chinese investors on home tours around Silicon Valley in a 14-seat Mercedes van.

With its acquisition of artificial intelligence and machine learning developer HeavyWater, Black Knight is turning to its Artificial Intelligence Virtual Assistant to streamline the mortgage process, with an immediate focus on the originations sector.

Declining mortgage origination volume and record-high costs drove production income for independent mortgage bankers into negative territory, according to the Mortgage Bankers Association.

The Atlanta bank had previously failed compliance metrics in five straight quarters before passing them last year, according to the settlement's monitor.

Fannie Mae is lowering down payment requirements and lender fees on manufactured housing loans to improve affordable housing access.

After eight consecutive weeks of decreases, mortgage applications increased by 4.1% last week as key interest rates dropped sharply, according to the Mortgage Bankers Association.

Ditech Holding Corp. returned to profitability in the first quarter, benefiting from accounting adjustments related to its emergence from bankruptcy protection in February.

Single-family home prices in the Seattle area continue to reach new highs despite increasing inventory in May, according to the Northwest Multiple Listing Service.

Metro Denver experienced a nearly 25% surge in the number of homes and condos available for sale in May versus April, according to a monthly update from the Denver Metro Association of Realtors.

Blame the decline in the oil and gas industry; many 2014 vintage deals have exposure to a number of multifamily and hotel properties in North Dakota and Texas, according to Fitch.

Since its inception, the qualified mortgage rule has been synonymous with loans purchased by Fannie Mae and Freddie Mac or guaranteed by government agencies. But a broader QM definition could change that by creating more competitive private-label options.

Angel Oak Commercial Lending has acquired a controlling interest in lender Cherrywood Mortgage in order to strengthen its focus on small-balance commercial lending.

Despite the Bay Area's natural beauty and booming job market, nearly half of its residents now want to get out, citing a creeping disillusionment with the high cost of housing.

At least 38 projects totaling 3,337 units were proposed in Massachusetts in 2017, which is far more than the five projects totaling 391 units proposed in 2010, the basement of the Great Recession.

Conversations about the current housing market often have good news/bad news scenarios.

Black Knight has acquired HeavyWater, a developer of artificial intelligence and machine learning technology for the mortgage industry, and plans to incorporate the startup's borrower data verification and other automation capabilities into its existing product suite.

Anticipated changes to the qualified mortgage rule will give lenders more options and force them to rethink their views on risk.

The number of Tampa Bay homeowners underwater on their mortgages has plunged by more than two-thirds since 2015.