Technology

New-home sales surged in August to the highest level in more than six years, a sign that the housing recovery is making progress.

The housing market was slightly less stable in July compared to the previous month, according to data released Wednesday by Freddie Mac.

In the coming months, banks, mortgage lenders, consumer advocates and policy wonks will be slicing and dicing the latest Home Mortgage Disclosure Act data, as they do every year. Rarely, if ever, have the stakes been higher.

Mortgage applications dropped last week as an increase in borrowing costs led to a decline in home refinancing.

The Mortgage Industry Standards Maintenance Organization has awarded eLynx, a mortgage technology provider in Cincinnati, with a high-level industry designation.

Millennial renters and Americans overall have become more optimistic about the housing market since January, according to Zillow.

The Consumer Financial Protection Bureau's complaint database is an excellent source of information to help lenders make adjustments and refine their operations.

To move quality control earlier into the origination process, lenders should rely on automated data checks

The closing rate for mortgage originations climbed to a three-year high in August, according to data released by Ellie Mae.

The Consumer Financial Protection Bureau remains committed to working with the financial services industry to improve the mortgage closing experience for consumers through the use of technology, CFPB director Richard Cordray said.