More than 20 organizations representing thousands of banks, credit unions, and other financial institutions have petitioned Congress
The federal mortgage authority sold a tranche of more than 1,200 seasoned geographically diverse loans
Pending home sales slightly improved in November and are above year-over-year levels for the third straight month, something Lawrence Yun, chief economist at the National Association of Realtors, says is due to buyers' confidence in the economy.
In an effort to squeeze out origination costs, this lender said it wants to keep the entire mortgage lending process online. Could this be the future of mortgage lending?
In yet another settlement, the largest U.S. bank has reached an agreement regarding the sale of almost $18 billion in shoddy mortgage securities it sold during the financial crisis.
One reader asks: "It appears that most of the loan officers in the industry are older like me and many have lost their drive due to the issues we have faced in the past. I have tried a few rookies, but my success rate is even lower. I know I must expand my sales staff, but what advice do you have?"
Affordable homes are lagging far behind higher-priced homes in the home price recovery, trailing the furthest behind their pre-crisis housing maximums. Black Knight Financial delves into why.
The recent plunge in oil prices could cause home prices to slip in the oil-producing markets and rise in others, but how long will it take to happen?