Mortgages

The Department of Housing and Urban Development's Mortgagee Review Board has suspended Seckel Capital from originating and underwriting FHA-insured mortgages.

As demand for new homes outpaces supply, it is essential for mortgage lenders to pursue strategies that stimulate inventory levels, such as supporting builders with construction financing and offering homebuyers single-close construction-to-permanent loans. (The first in a four-part series on the mortgage industry's response to the housing inventory shortage.)

Some credit union advocates are praising the Consumer Financial Protection Bureau for a move that exempts select institutions from certain reporting requirements, but other say the bureau must still do more.

Broker John Pasalis knew Canada’s hottest housing market was cooling but an email from desperate sellers showed him just how bad it was.

The addition of these four credit unions brings the number of CUs served by the CUSO to nearly 200.

Just over 1,000 California Association of Realtors members may have been affected by a breach of the online store they use to buy everything from blank home sales contracts and disclosure forms to books, software, magnets, lapel pins and coffee mugs.

Oh, the pain, the pain — and the cost, the cost — of renting a Bay Area apartment.

Albuquerque's hot resale-homes market followed up a record-breaking May with June transactions not far behind, according to data released Monday by the Greater Albuquerque Association of Realtors.

The number of borrowers underwater on their mortgages is below 2 million for the first time since 2006, as rising home prices are improving homeowner equity and creating new lending opportunities.

As Seattle home prices continue to set records, Queen Anne has officially become Seattle's first big neighborhood to have a median home price of $1 million.

Southern California house hunters aren't the only ones in the nation being forced to act quickly. Homeowners' reluctance to sell isn't just a local challenge.

A Methuen, Mass., woman was forced to sell her home recently after she fell victim to an apparent scam targeting homeowners who are struggling with their mortgages.

Supporters maintain hope that the Federal Housing Administration will revive a proposed premium cut, but a key obstacle remains: There's no one to run the agency.

The Consumer Financial Protection Bureau's final rule to formalize guidance on a number of TILA-RESPA Integrated Disclosures compliance points omits an originally proposed fix for the so-called black hole that's created when a mortgage closing is delayed.

Mortgage industry hiring and new job appointments for the week ending July 7.

After five months of shopping for his first home, Greg Ridenour was tired of having his offers turned down.

Employment among nonbank lenders and mortgage brokers grew in May, marking the third straight month of employment gains at a time when housing inventory is tight, refinancing has slowed and home prices are rising.

Home sales in Connecticut were unexpectedly strong in May after the year got off to a slow start, a new report Thursday shows, but a key component of the state's housing recovery is still lagging: consistent overall price gains.

National home prices rose 6.6% in May over the prior year as sales activity was affected by low inventory, according to CoreLogic.

With traditional mortgage lending opportunities becoming increasingly scarce, banks in Seattle and Portland are loading up on jumbos, diving into multifamily and reviving dormant bridge loan programs.