Mortgages

Purchase loans experienced a 52% seasonal increase on a quarterly basis during the second quarter, reaching the highest level both in terms of volume and dollar amount since 2007, according to Black Knight Financial Services.

Home prices rose again year over year in July and are expected to do the same this time next year, according to CoreLogic.

Efforts to expand diversity and inclusion are critical to any industry, but they're becoming especially important in mortgage finance, where the customer base is evolving and more millennial and multicultural consumers are ready to buy homes.

Home prices have returned to their precrisis peaks, but homeownership rates keep on slipping.

Mortgage servicing has undergone a dramatic transformation in response to the housing crisis, creating an environment where a focus on the consumer will define how servicers approach their business and regulators oversee their operations.

It's no secret that subprime lending played a heavy role in the demise of the mortgage broker. But to truly understand how brokers rose to prominence, it is helpful to look back to the channel's beginnings. Here's a look at three data points that sum up the rise and fall of the mortgage broker.

In order for the mortgage industry and its technology to evolve in the future, lenders and servicers must redefine their expectations for connectivity and demand more open integrations between the systems they use.

Depositories still dominate home lending, but nondepositories' market share is the highest it has been in at least two decades. Here's why.

To commemorate the 40th anniversary of National Mortgage News, we look to the future of the mortgage industry — a future that lies at the intersection of people, policy, technology and capital.

So long as government-backed entities are guaranteeing 90% of originations, competition that could result in greater mortgage options for borrowers is being stifled. But a return of private capital to the market, possibly through securitization, could fix that.

Over the next 40 years, the rate of homeownership is likely to continue to decline further as changes in demographic trends, increased regulation and stagnant incomes make that dream harder to achieve.

The events of the past 40 years pale in comparison to the strides the mortgage industry has made with technology, from pen-and-paper processes to handheld interest rate checks in minutes. The most exciting part: the best is yet to come.

It was 1976, the year of the U.S. Bicentennial, the dawn of Apple Computer and supersonic commercial flight aboard the Concorde jet. The average rate for a 30-year mortgage was 8.87% and the median sales price of existing homes was $38,100. And in an apartment on Manhattan's Upper East Side, National Mortgage News was born.

From helping to create one of the first loan origination systems to setting the stage for the financial crisis, these 10 people left an indelible mark on the mortgage industry. But where are they now?

If the past 40 years has revealed anything about the mortgage industry, it's that change is constant, and inevitable. From the future of Fannie and Freddie to the role technology will play in underwriting, here's a look at 10 bold predictions that will shake up the mortgage industry.

Here's a look at some of the mortgage industry's most pioneering ideas and trends that have created legacies that have outlasted the companies that established them.

The executive who sold North Fork to Capital One for billions of dollars and later revived BankUnited discusses his plans, and reflects on a long career, now that he is retiring as BankUnited's CEO.

Emboldened by supportive comments from presidential hopeful Hillary Clinton, community development banks are asking regulators for more leniency in areas such as disclosure fees and Bank Secrecy Act enforcement.

The $29 billion-asset company said in a regulatory filing Thursday that the "needs to improve" rating will likely restrict its ability to make acquisitions and open branches.

Zais Financial Corp. has begun to quantify the effects that the major flooding across Louisiana had on its Baton Rouge-based mortgage banking subsidiary, GMFS.