Origination

The National Association of Federal Credit Unions expressed their concerns surrounding credit unions’ efforts in rural communities and limitations they face due to regulatory restrictions prior to the Senate Banking Subcommittee hearing called “The State of Rural Banking: Challenges and Consequences” held Wednesday.

Americans appear to be purchasing more homes as the U.S. homeownership rate has finally moved upward for the first time in two years in the third quarter of 2015, following a 48-year low hit the previous quarter, the Department of Commerce’s Census Bureau announced Tuesday.

HUD Secretary Julián Castro, whose name has been bantered for months as a possible vice presidential candidate, joined Realtor.com Chief Economist Jonathan Smoke in a conversation Monday evening about millennial housing held at George Washington University in Washington, D.C. In the conversation, Secretary Castro and Smoke addressed a number of questions surrounding America's most talked about generation and how they are faring the housing market amid numerous regulatory changes.

With interest rates lower than they have been since 2012, now is likely the best time to purchase a home, according to Trulia’s most recent Rent vs. Buy Report.

New single-family home sales in September 2015 fell dramatically to a seasonally adjusted annual rate of 468,000, down 11.5 percent from the revised August rate of 529,000, according to estimates released jointly Monday by the U.S. Census Bureau and HUD.

Parkside Lending, a national wholesale and correspondent lender, recently announced its insurance subsidiary PSL Insurance Company, LLC has been approved to become a member of the Federal Home Loan Bank of Cincinnati.

The traditional mortgage lending days are nearly over. Technology is taking the industry by storm with new innovations that are moving mortgage lending closer to a completely online process.

As consumers purchase more homes, remain current on mortgage payments thanks to low rates, and employment continues to grow, the housing market continues to show improvement.

Millennials often face many obstacles when trying to purchase a home such as financial hardships and the inability to afford the down payment, a task that is much more difficult for them compared to their predecessors.

Existing-home sales have reversed the downward trend in recorded in August due to stock market declines, rising 4.7 percent to a seasonally adjusted annual rates of 5.55 million in September, the highest pace since February 2007. The National Association of Realtors reported Thursday that September's rebound in existing–home sales marks a year–over–year increase for 12 consecutive months and all four major regions experienced gains.