Technology

The Federal Agricultural Mortgage Corp. reported a decline in first-quarter profits driven largely by the early refinancing of agricultural securities.

Lenders and loan officers are increasingly using social media to scout for customers, raising a host of compliance concerns, from preventing unauthorized use of brands to monitoring employee communications.

Prices for single-family homes climbed in 74% of U.S. cities in the first quarter, fewer than a year earlier, as the nation’s housing rebound cools.

D.R. Horton said it paid $210 million for the homebuilding operations of Crown Communities, the largest residential developer in the Atlanta area, where new-home demand is still recovering from the recession.

Mortgage originators have been slow to adopt this tool which can assist in educating potential clients about your products and services.

HSH.com, a New Jersey-based publisher of consumer loan information, released an online tool to help consumers calculate the cost of a mortgage.

Mortgage rates for 30-year loans fell to a six-month low, reducing borrowing costs for homebuyers as the property market cools amid a slow economic recovery.

Mortgage debt held by the elderly has soared over the past decade, driven in part by the foreclosure crisis, the Consumer Financial Protection Bureau said in a report.

Mortgage applications increased 5.3% for the week ending May 2, according to the Mortgage Bankers Association.

Commercial and multifamily mortgage loan originations fell by 45% in the first quarter from the previous quarter, according to the Mortgage Bankers Association.