Origination

Data from the Home Mortgage Disclosure Act shows that local lenders are the preferred lender in 60 percent of cases.

Though large publicly-traded home builders are often seen as a risk to smaller privately owned builders, private builders still dominate the residential construction sector.

Millennials tend to skip the traditional starter home by choosing larger properties with higher prices. They pay a median price of $217,000 for a home that is about 1,800 square feet, similar in size to what older generations buy.

Despite rising mortgage rates and declining purchase originations, refinances are on the rise.

Avoid the hard sell when a customer is choosing a mortgage product and focus on assisting the customer in making the best decision to gain customer loyalty.

With rising interest rates, the average loan amount decreased between December and January.

According to a report from the Urban Institute, the value of the housing market, housing affordability, and availability of credit are all on the rise.

Both Citigroup and Bank of America recently released the 2016 earnings for their CEOs—with one receiving a compensation cut, while the other saw a boost thanks to a profitable year.

The future of the housing market lies in the hands of the millennial generation. What measures should lenders take to attract this market to the idea of homeownership? Editors note: this article appeared as the cover story for the February issue of MReport.

The most common reason for discrepancies in closing estimates was that some of the amounts had been changed or revised prior to closing. See the top five closing costs that most surprised homebuyers . . .