Mortgages

Markets react calmly to inflationary worries, but short supply and rising home prices loom as a greater concern.

The financial services company will incentivize existing card members with statement credit for taking out or refinancing a home loan with either lender.

The ruling confirms that a state precedent regarding forward mortgages also applies to home equity conversion loans.

Consumer advocates and mortgage industry officials are urging Sandra Thompson, the new acting director of the Federal Housing Finance Agency, to undo many policies that her predecessor, Mark Calabria, put in place over the past year.

Lending startup Tomo Networks will eschew refinances to focus exclusively on purchases.

The change makes it easier for borrowers exiting forbearance to get access to home retention options that might otherwise be out of reach due to skyrocketing home prices.

U.S. pending home sales unexpectedly rose in May by the most in nearly a year as low borrowing costs paired with increased listings bolstered demand.

Limited housing supply, climbing rates cause applications to decline across the board.

The Federal Housing Finance Agency addressed the period between the end of the federal foreclosure moratorium and the beginning of new Consumer Financial Protection Bureau directives as home loan companies expressed relief that requested exemptions from some foreclosure waiting periods were included.

Though their rate of ownership lags behind preceding generations, millennial interest in purchasing property grew the most of any demographic last year, according to First American.

Under the agreement with New York Department of Financial Services, the company will promote the purchase of homes in historically disadvantaged communities in the northern part of the state.

Financial inclusion is the civil rights issue of our generation — and getting more Americans, especially younger and minority families, into decent, affordable housing is a critical step on the ladder to financial capability, writes a board member of the National Credit Union Administration.

Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 14.6% from a year earlier, the biggest gain in data going back to 1988.

Also, Freddie Mac elects a former NY Fed leader to its board, Cenlar hires a servicing veteran and NewDay USA gains a tech officer.

Fewer borrowers are suspending payments for pandemic hardships but some who got back on track are having trouble again, and deadlines could spur a final round of new requests.

Premiums written increased 45%, while net operating income was up over 65%, the American Land Title Association said.

The Consumer Financial Protection Bureau issued a temporary final rule that allows mortgage servicers to initiate foreclosures on abandoned properties and certain delinquent borrowers, but it also outlined additional measures that shield distressed homeowners.

While purchasing power grew for the 16th straight month in April, surging property values and increased mortgage rate forecasts will keep driving down affordability, according to First American.

The lack of homes for sale is supporting the record values, unlike what happened in the mid-2000s, analysts say.

Fears of a permanent exodus from office life may have been premature, according to a study that finds a majority of businesses plan changes, but no significant downsizing of space.