The younger generation appears ready to take the plunge into the housing market, but finding an affordable home and gaining access to credit remain the top challenges, especially when it comes to African-Americans and Latinos, according to some experts. Mark Fleming, chief economist with First American, sponsor of a housing forum on Capitol Hill this week, said the way mortgage credit is formulated today doesn’t necessarily fit the type of ethnically diverse, millennial borrower of the future. “Ethnically diverse communities tend...

There was some good news from Ocwen: the company earned $44.2 million from servicing sales...

Of the 21,100 complaints submitted by consumers in the region, 27 percent have been related to mortgages.

The sale of mortgage servicing rights to Nationstar should transfer by Nov. 1.

Although the FHFA received more than 1,300 comments on proposed changes to its membership rules, it has yet to issue a final regulation.

“The flow market remains consistent with pricing, while the bulk market ebbs and flows with the 10-year and mortgage spreads,” said Tom Piercy of Interactive Mortgage Advisors.

In addition to alternative credit scoring models and low downpayment products, panelists suggested more public/private partnerships are needed to create affordable housing communities.

The privately held Guild Mortgage, San Diego, said it funded $10.7 billion in home mortgages through the first nine months of 2015...

The privately held Quicken Loans was also the biggest originator of government-insured loans, accounting for 5.7 percent of the sector.

For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.