Mortgages

Senate Banking Committee Chairman Mike Crapo said Wednesday that although he plans to begin working on housing finance reform and changes to the Dodd-Frank Act, the poor relationship between Democrats and Republicans will slow any progress.

Zeus Mortgage in Houston is positioning its new online crowdfunding platform as an alternative to traditional mortgages for property buyers and others having trouble borrowing to remodel homes or fund construction projects.

Phyllis Caldwell has put a priority on ensuring the company's board and workforce look more like the borrowers whose mortgages it services.

Fannie Mae is making technological updates and implementing policy and operational changes as part of an effort to improve servicing.

The refinance share of mortgage activity decreased to 46.9% of total applications, its lowest level since June 2009, from 47.9% the previous week.

The government-sponsored enterprises should target their affordable housing efforts to strengthening the single-family market, rather than investing in private equity giants.

American International Group posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain profitability.

Property valuation firm LRES has launched a new service that provides mortgage servicers with comprehensive lien alerts.

Changes in the housing market are creating new opportunities and challenges for credit unions, including how they market themselves to potential borrowers.

Federal Reserve Chair Janet Yellen appeared Tuesday before an uncommonly collegial hearing of the Senate Banking Committee, but the lack of outward drama masked the fact that lawmakers from both parties were using her testimony to lay the groundwork for a broader battle over the future of regulatory reform.

In the aftermath of enforcement actions, non-executive chair Phyllis Caldwell is directing the special servicer's efforts to diversify its leadership and business model.

The sale will include Fannie Mae's sixth "community impact" pool of loans.

Fairly or not, the millennial generation has a reputation as footloose and fancy-free. Or, to put it less kindly, slow to launch — slower to get married, buy a house, and have kids than the young people of previous generations.

The number of foreclosures completed in December fell 40% from a year earlier, according to CoreLogic.

Federal Reserve Chair Janet Yellen said more interest-rate increases will be appropriate if the economy meets the central bank's outlook of gradually rising inflation and tightening labor markets.

Homeowners are reaping the rewards of higher home prices, as the number of seriously underwater properties dropped by 1 million from one year ago, Attom Data Solutions said.

While Arch Capital had a slight increase in year-over-year net income to $64 million, the total was affected by $25 million of costs related to the purchase of United Guaranty.

Real estate loans have been growing over the last few years despite a number of headwinds, but can credit unions build on that trend as interest rates rise?

JPMorgan Chase is known to eschew selling conforming mortgage loans to Fannie Mae and Freddie Mac, preferring to securitize them in the private-label market.

The denial rate traditionally used by the mortgage industry is hiding the fact that fewer borrowers with lower credit are applying for loans, according to the Urban Institute.