Mortgages

At the metro level, Buffalo, N.Y., had the worst undervaluation for Black-owned homes at 86% followed by 72% in both Memphis, Tenn., and Indianapolis, Redfin found.

First quarter volume was up 3% among eight depositories that reported so far, compared with models that predicted industry-wide drops as large as 13%.

Federal Housing Finance Agency Director Mark Calabria said he wants to work with the consumer bureau on an “exit strategy” for borrowers approaching the end of their forbearance periods.

“You all will not let me breathe” is just one example in the Consumer Financial Protection Bureau's complaint database where a consumer likened alleged mistreatment by a financial institution to social injustice. An artificial intelligence firm uses technology to help companies flag such language.

If passed, the Affordable Housing Credit Improvement Act introduced last week could spur development of 2 million rental units for low- and moderate-income households over the next decade, writes the president of Enterprise Housing Credit Investments

Long-term home-based operations are more likely than they were prior in March of last year, but some origination and servicing professionals will return to the office, a recent survey suggests.

The mortgage real estate investment trust has been a first-mover regarding innovations in the private securitized market, and others tend to follow its lead.

As listings were snagged at near-record speed, inventory hit yet another new low point, according to Remax.

The draft of the Downpayment Toward Equity Act of 2021 calls for grants for a limited segment of the market: those whose parents don't own homes.

The city is working with a nonprofit that aims to sell some of the city's most affordable houses to lower-income buyers rather than developers.

A private equity capital raise earlier this year gave the company a $3.3 billion valuation.

The market appears to be undergoing a shift away from refinances and remote operations, but the top producers interviewed for this article don’t plan to abandon either any time soon.

The government sponsored enterprise’s latest forecast calls for a nearly $4 trillion year for 2021.

Gene Thompson goes to deciding what the company's next steps are, rather than implementing them.

While home sales have softened since October, they are still above pre-pandemic levels, indicating that construction activity will remain strong for some time.

And with demand far outweighing supply, the average new-home purchase loan ascended to another record high.

Also, even with bans in place, the total number of filings keeps inching up due to actions taken on vacant properties.

The Michigan lender agreed in 2012 to pay $133 million to resolve civil fraud charges tied to government-backed mortgages. But the deal with the Justice Department came with a catch that eventually allowed Flagstar to pay far less.

Rising cases and vaccine issues caused bond yields to fall, but inflationary pressures will likely reverse that course.

The loan officers who brought in the highest volumes last year offer their perspectives on social media, the GSEs, loan channels and more.