Purchase

Colder weather wasn't enough to slow down the Albuquerque, N.M., housing market, as home prices continued to increase in October.

Rick Thornberry discusses the company's third-quarter results and the decision to drop traditional appraisals.

Mortgage applications decreased 0.5% from one week earlier as inadequate housing supply is putting upward pressure on home prices and affecting purchase activity, according to the Mortgage Bankers Association.

A number of unknowns about the election and the coronavirus response kept consumer confidence in check, according to Fannie Mae.

Problems with self-service tools and inconsistent communication have damaged consumer perception of their lender, J.D. Power said.

Bay Area homebuyers shook off any lingering reservations about shopping during the coronavirus pandemic, driving median sale prices up nearly 20% in September in a tight housing market.

The company, which earned $535 million in net income in 3Q20, has been prioritizing purchase volume and managing costs to account for a possible decline in originations next year.

For most of the underwriters it was a strong quarter, but concerns remain over government-sponsored enterprise reform and potential claims after forbearances end.

Compared with the second quarter, the title insurer had 154,000 more orders opened and earned $89 per residential file.

More borrowers between 21 and 40 are leveraging the historically low mortgage rates to either buy their first homes or slash their monthly payments, according to Ellie Mae.