Mortgages

The Chicago company said its decision was largely based on intense competition, very low margins and economic changes.

Cloudvirga, in collaboration with Freddie Mac, has created the capability for loan officers to submit mortgage loan data to both government-sponsored enterprises' automated underwriting systems simultaneously with a single click.

Investors are growing worried about lackluster loan growth this year at community banks.

We're counting down this year's 400 Top Producers. Check out which loan officers made the cut in the latest segment of the list!

Mortgage rates increased a scant two basis points this past week, holding steady recently after their rapid rise at the start of this year, according to Freddie Mac.

The bank says its partnership with Lender Price will help streamline and simplify its home loan process.

Foreclosure timelines that rose notably each quarter during the past year fell back to 2016 levels during the first quarter of 2018.

Houses are taking longer to sell and sales across the region fell last month for the first time since Hurricane Harvey, a new housing report shows.

Maui had a small decline in the number of homes sold last month while median prices moved in different directions for single-family homes and condominiums.

TriStar Bank in Tennessee says a shortage of appraisers is slowing down its commercial real estate lending and raising the cost of appraisals. The claim has outraged appraisers, who argue that the bank is simply trying to avoid paying their fees.

The use of appraisal management companies does not result in higher quality property valuation reports, according to a working paper published by the Federal Housing Finance Agency.

The New York Department of Financial Services is fining Nationstar Mortgage $5 million for failing to comply with servicing and origination regulations as it grew between 2012 and 2014.

While the mortgage industry heads in a digital direction, homebuyers are still expecting a more electronic experience during the mortgage process, which would also stand to benefit lenders.

Situs subsidiary MountainView Financial Solutions is brokering a $6.1 billion package of government-sponsored enterprise and Ginnie Mae servicing rights.

Black households have significantly less purchasing power when it comes to buying a home compared with other races, a Zillow study said.

Mortgage applications decreased 1.9% from one week earlier as purchase activity was down again, according to the Mortgage Bankers Association.

We're counting down this year's 400 Top Producers. Check out which loan officers made the cut in the latest segment of the list!

Applications can now be made on the bank's app or website, but closings will still be in person. With this move, BofA joins Quicken Loans, Lenda, SoFi and others offering a mostly digital mortgage. The trend is sure to continue.

North Texas homebuilders ramped up for the spring and summer housing market with an increase in first quarter starts.

Home sale prices across Connecticut jumped for the second month in a row in February, but the sales volume was weak, and some experts said it it still too early in the year to declare the start of a trend.