Technology

Confidence among homebuilders rose in August to the highest level in seven months, showing the industry is making more headway after weakness earlier this year.

Foreclosure rates continued their steady, three-year decline in June, according to a report Thursday from CoreLogic.

In about six years, by 2020, one out of three adult Americans will be a Millennial. By 2025, they will make up about 75% of the workforce.

Mortgage applications to purchase new homes increased 2% in July than the month before, according to Mortgage Bankers Association data.

Already beset by stagnant wages, growing student debt and competition from investors who are snapping up listings, those looking to purchase moderately priced houses must also provide more cash up front.

Several institutions said their underwriters already exclude paid and unpaid medical debt from their calculation, raising questions about what kind of impact the new model will have on lenders.

Stewart Lender Services in Houston has completed the acquisition of DataQuick Lending Solutions, which adds valuations to Stewart's mortgage service offering.

Mortgage application volume was lower than the week before as both refinance and purchase activity declined.

Even though refinance loans account for the majority of mortgage applications, the refi boom has long been over, and depressed origination volume will keep it that way for some time.

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