Regardless of race and gender, the likelihood of a young adult becoming a homeowner depends significantly on how wealthy his or her parents are, according to a new study by The Urban Institute. The analysis found that parental homeownership alone increases a young adult’s likelihood of owning a home by 7 to 8 percent. The report found that compared to prior generations, millennials are less likely to be homeowners. Researchers also found persistent racial and ethnic disparities ...

Cracks began to appear in the housing market during the third quarter of 2018, leading to a modest decline in purchase-mortgage originations, but industry experts continue to predict a rebound next year. [Includes four data charts.]

Purchase loans accounted for over 80.0 percent of third-quarter production at Wells Fargo, PennyMac Financial, Caliber Home Loans, U.S. Bank and Amerihome…

Ocwen, which paid $360 million in cash for PHH, also disclosed: “The purchase price we negotiated contemplated PHH could continue to incur losses.”

In past downturns, large lenders and servicers were either sold outright or they joined forces with like-sized companies…

Towd Point Mortgage Trust 2018-SJ1 is the first post-crisis non-agency MBS backed by second liens to receive a credit rating.

Mulvaney has a reputation of being pro-business. Is it possible he might turn the name-change ship around to save American companies $300 million?

OCC examiners noted greater use of asset dissipation underwriting, a practice used to qualify borrowers using a “hypothetical income stream from their asset liquidation rather than debt-to-income ratios.”

Commitment levels are decent, but nonbanks just aren’t using the lines they’ve been granted.

Under the watch of President George H.W. Bush, S&Ls were re-regulated and given a core housing mission.