Mortgages

The gap between the average credit score for homebuyers and other consumers has widened to its highest point in 12 years, and lenders don't know what, if anything, to do about it.

The tax law is expected to eliminate 300,000 affordable housing units over 10 years in part because it will reduce the value of banks’ low-income tax credits, which finance half of all affordable housing units.

PHH Corp. agreed to a $45 million settlement to resolve allegations from 49 states and the District of Columbia that it engaged in "foreclosure process abuses" involving "inconsistent signatures" in its servicing business from 2009 to 2012. The settlement comes as the nonbank mortgage company continues its legal challenge to a separate regulatory action by the CFPB.

Lower mortgage loan origination volume in 2018, on top of 2017's decline, will lead to further reduction in title insurer profitability and a possible increase of merger activity.

Mortgage application volume decreased 2.8% during the last two weeks of 2017, according to the Mortgage Bankers Association.

The average credit score of loans made to members of the millennial generation were a little lower than they were a year ago, according to Ellie Mae.

Bernard Polselli has sold more than a few houses during his life, and when it came time to list his place in Palm Beach Gardens, Fla., he decided not to use a traditional agent.

Southern California home prices rose at their fastest pace in almost two years in November as falling numbers of homes for sale pushed home prices ever higher, figures from CoreLogic show.

Some commercial buildings that are not required to obtain earthquake insurance may still be susceptible to significant structural damage that could put the borrowers at risk of default, according to Kroll Bond Rating Agency.

The Vermont Housing Finance Agency is prepping the state’s first sustainability bond sale.

Startups that have developed the technology for real estate finance are starting to conduct a broader array of transactions, including property sales.

Pioneer Savings Bank is seeking to foreclose on commercial property located off of Route 146 in Clifton Park, N.Y., claiming that the owner owes the bank more than $1.9 million in mortgages and loans.

Fannie Mae's serious delinquency rate climbed to a high not seen since March 2017, but remained lower than it was 12 months prior.

Home price growth is likely to slow in the near future but affordability remains a concern, especially at the lower end of the market, according to CoreLogic.

The median price of a Marin County, Calif., home spiked 15.5% to $952,250 in November, compared with the $824,500 median price a year earlier.

A regulatory relief package is likely to come out of the Senate in the new year, and lawmakers could follow it up with a housing finance reform push. But the midterm elections could cause some reform initiatives to grind to a halt.

The GSEs are on their way to paying back the money they owed the government under the original bailout deal made at the height of the financial crisis, making 2018 an opportune time for an overhaul of the housing finance market.

The foreclosure rate in Minnesota is now at the lowest level in more than a decade, and far below the national average.

With recommended reads from Chase Mortgage's Mike Weinbach, New American Funding's Patty Arvielo and more, check out these 13 books every mortgage pro should have on their winter reading list.

Two New Jersey programs that provide financial assistance to homeowners on the brink of foreclosure are temporarily suspending acceptance of applications, a state official said this week.