Purchase

The scheme is used by borrowers who don't have enough income to qualify for a regular mortgage, so they apply for a higher rate non-owner-occupied loan.

As the mortgage industry swings more toward purchase loans and away from refinancings, its risk from material misrepresentations increases.

Loan application defect risk continued to decline in May, according to First American Financial Corp.

Mortgage application activity decreased 2.6% from one week earlier, according to data from the Mortgage Bankers Association.

Home prices in 20 cities rose at a steady pace in April from a year earlier, a sign demand for residential real estate remains solid enough to support both buyers and sellers, data from S&P/Case-Shiller showed Tuesday.

Big banks have drastically reduced their share of the Federal Housing Administration market, a massive shift that has big implications, according to new analysis by the American Enterprise Institute.

The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.

Steve Victor, a 33-year-old IT contractor from London, says he's pulling out of the purchase of a new four-bedroom home in the town of Bedford after Britain voted to leave the European Union.

Carrington Mortgage Services has added conventional loans to the portfolio of products offered by its wholesale lending division.

Mortgage applications increased 2.9% from one week earlier as interest rates remain at three-year lows, according to the Mortgage Bankers Association.

Confidence among homebuilders climbed to a five-month high in June, signaling the residential real estate market may have some scope for a pickup, according to a National Association of Home Builders/Wells Fargo survey.

Sales growth was the top reason lenders gave for investing in new technology, according to a new study from sales automation software firm Velocify.

PulteGroup's founder and largest shareholder, who has called on Chief Executive Officer Richard Dugas to resign immediately, said the homebuilder's board has invited him to suggest candidates for replacements.

Mortgage applications decreased 2.4% from one week earlier even though interest rates for conforming loans are at their lowest point in 18 months, according to the Mortgage Bankers Association.

Mortgage applications for new home purchases fell in May from the previous month, according to the Mortgage Bankers Association.

Lender sentiment toward housing has improved during the second quarter, with lenders reporting higher demand for purchase mortgages, according to Fannie Mae.

Despite financial obstacles and lifestyle choices that can delay the journey to homeownership, millennials are buying homes in these affordable metro areas with steady job growth.

Mortgage applications increased 9.3% from one week earlier as rates were basically flat for the period, according to the Mortgage Bankers Association.

Home purchase sentiment continued to rebound from an 18-month low in May, according to Fannie Mae's Home Purchase Sentiment Index.

A growing economy during the first quarter meant that the U.S. housing market as a whole moved toward buying a home versus renting, an indication of soundness, according to a quarterly report put together by professors at two Florida universities.