Mortgages

While the scale of destruction and suffering caused by Hurricanes Harvey and Irma is staggering, history suggests the local economy and housing markets in the affected areas will bounce back relatively quickly.

TILA-RESPA integrated disclosure rule amendments are in effect and the Consumer Financial Protection Bureau is beginning to digest comments on an outstanding "black hole" mortgage companies want more clarification on.

Quicken Loans Mortgage Services and Calyx Software developed a version of the Point loan origination system that's preconfigured with tools for small mortgage firms to work with the Detroit lender's TPO division.

The Consumer Financial Protection Bureau was created in part to ensure that nonbanks are subject to federal oversight, but the fact is that 99% of banks are exempt from CFPB supervision.

A lawyer has been convicted on federal fraud charges for scheming to provide falsified documents to prevent foreclosure on a nearly $2 million parcel of land in Aurora, Ill.

It's been years since the Bay Area housing market began its dramatic, post-recession appreciation in prices, and delinquency rates for home loans keep falling across the region.

Over 172,000 homes in Napa and Santa Rosa, Calif., are at some level of risk from wildfires, according to CoreLogic.

For families with household incomes below $50,000, the improving housing market in 2016 meant rising prices, and fewer homes and apartments they can afford to rent or buy, according to a report from HousingWorks RI.

The share of mortgage refinance applications dropped below 50% for the first time since the start of September, as interest rates rose to a six-week high.

The gap between what consumers think a home is worth and its appraised value narrowed in September because of rising prices due to the continued inventory shortage.

Overall housing confidence rose in September, with renters becoming particularly optimistic, according to Fannie Mae.

Both home sales and prices in North Texas were higher in September than a year ago. But the rate of increase is slowing, which analysts say is good for the market.

Where do millennials go when they want the advantages of a big-city economy, job market and lifestyle but they can't afford the higher cost-of-living? Some are choosing Owensboro, Ky.

Mortgage delinquencies in cities where the economy is dependent upon the oil industry are on the upswing, even as nationwide default rates remain near 10-year lows, CoreLogic said.

Slightly looser underwriting outside the government sector is primarily responsible for the latest increase in credit availability.

The sale of the struggling Financial Freedom unit to an undisclosed buyer would continue CIT's strategy of shedding noncore business lines.

Although property tax loans raise concerns for the mortgage industry, there is a way for property tax lenders and mortgage companies to co-exist.

Four neighborhoods hit hardest by Hurricane Harvey have limited resources and are in most need of federal, state and local assistance for property repair and rehabilitation costs.

A change in the formula that banks use to calculate borrowers’ debt-to-income ratios, announced by Fannie Mae in April, appears to be spurring more lending.

A Hazleton, Pa., real estate agent who admitted bilking home buyers out of hundreds of thousands of dollars through bogus property sales was sentenced to serve more than four years in federal prison.