Mortgages

Payments from PayPal, Venmo and Zelle add an extra wrinkle when dealing with bank statement loans.

U.S. pending home sales unexpectedly declined for a second straight month in July as limited inventory and soaring prices deterred some prospective buyers.

Local mortgage lenders give their boots-on-the-ground perspectives about the ZIP codes with 2021’s shortest list-to-sale times, according to Realtor.com.

The end of many COVID relief plans in September have the industry holding its breath, with outcomes potentially foreshadowing the months to come.

The Federal Housing Finance Agency in the Trump administration had been preoccupied with Fannie Mae and Freddie Mac’s capital position. Acting Director Sandra Thompson has shifted the agency’s focus to affordable housing and fair lending.

Despite “color blind” underwriting algorithms, loan denial rates on mortgages that were not backed by the Federal Housing Administration and the VA skewed heavily toward minority groups, according to a study by The Markup.

Saying landlords were suffering “irreparable harm,” the conservative-controlled court ruled late Thursday that the U.S. Centers for Disease Control and Prevention lacked authority to impose the moratorium under the decades-old federal law the agency was invoking.

Increasing COVID-19 numbers offset promising economic figures, resulting in minimal changes.

As millennials and Gen Z position themselves to obtain 25 million new households by 2028, appealing to these tech-savvy generations should be a top priority for retail lenders, writes the director of technology alliances at Total Expert.

The deal appears to take advantage of a shift in federal rules reducing the level of non-owner-occupied loans Fannie Mae and Freddie Mac can purchase.

In addition to the incentive, Neat Capital in Colorado mandated that its employees get inoculated against COVID-19.

Purchases and refinance activity both edged higher, as loan sizes decreased, signaling opportunities may exist for first-time buyers.

Even as lenders increased purchase share, higher expenses and margin compression related to pricing competition led to smaller quarterly net gains.

Approximately 65% of all current forbearance plans will expire by year-end and many of those borrowers won't be able to resume paying their contractually mandated amounts.

Purchases of new single-family homes increased 1% to a 708,000 annualized pace following an upwardly revised 701,000 in June, government data showed Tuesday.

The company is divesting itself of another piece of Xome after previously peddling Title365 to Blend Labs.

The overall pace of both entries and exits slowed, even as the private-label securities and portfolio loan segment saw a spike in its numbers.

Record high price growth and the dearth of housing inventory left the majority of consumers anxious about the market, a survey finds.

However, the pace of growth at the six active underwriters should moderate over the next two years, Keefe, Bruyette & Woods said.

Contract closings increased 2% from the prior month to an annualized 5.99 million, a four-month high, according to figures from the National Association of Realtors on Monday.