Mortgages

As more people have gotten into the flipping business, and as home costs continue to increase and inventory shrinks, the profitability of fix and flips has dwindled.

The real action in home prices lately isn't in King County, Wash., where price growth has stabilized.

Mortgage applications increased from one week earlier, although conforming loan interest rates moved back over 4%, according to the Mortgage Bankers Association.

A proposal by a single utility threatens to upend California’s sweeping mandate requiring solar panels on almost every new home.

Home sales in October in Acadiana were the highest ever recorded while sales in Lafayette were just shy of a new record.

It was long believed down payment assistant programs were recipes for poor loan performance and future delinquencies, but that's not the case, according to a new report.

Mortgage credit availability increased in October from the previous month, as mortgage lenders increased their product offerings outside the government market, according to the Mortgage Bankers Association.

Fannie Mae and Freddie Mac’s exemption from the Qualified Mortgage rule is on borrowed time, but a House bill would allow lenders to use the mortgage giants’ guidelines for documenting borrower income.

Spokane County, Wash., home sales spiked in October, marking the second month in a row for year-over-year sales increases since 2018.

The sponsors of the Class A structure, deemed a “trophy asset” by Kroll Bond Rating Agency, are placing $825 million of a $1.2 billion whole loan into a transaction dubbed CPTS 2019-CPT.

IndiSoft will continue to support the distressed-borrower assistance platform formerly known as Hope LoanPort after the nonprofit that runs it winds down operations at the end of this year.

The dollar volume of mortgages guaranteed by the Department of Veterans Affairs rose nearly 9% in the past fiscal year as interest-rate reduction refinancing loans surged nearly 75%.

Tom Marano, a former Bear Stearns banker, was apparently well compensated following the housing crisis for heading up ResCap and Ditech, both of which went into bankruptcy.

Columbus was the nation's third-hottest housing market in October, but this time Columbus shared the spotlight with other Ohio cities.

A developer who swindled almost $400,000 from six families who sought new homes in Kirkwood, Mo., was sentenced to 12 months in prison.

Home sales in San Diego County jumped 14.7% in September from the same time last year, which analysts largely attribute to a drop in mortgage rates.

How's this for a flashback to 2017? Seattle home prices rose faster in October than they have for a year.

Impac Mortgage Holdings generated $1.4 million in net income during the third quarter in earnings that were favorable compared to a string of losses in the past year.

The two newest private mortgage insurance companies had their best quarters ever for new insurance written, aided by the increase in consumers refinancing with less than 20% home equity.

Bay Area home prices continued to decline in September as the regional market slows from the rapid pace set over the past seven years.