Mortgages

The deadline has arrived for mandatory submissions to the Federal Housing Administration's Electronic Appraisal Delivery portal, but as many as one-third of lenders that originate FHA-insured mortgages have yet to use the new system.

Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy First Choice Bank in Lawrenceville, N.J.

The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.

For the first time, Ginnie Mae has edged out Freddie Mac as the second largest securitization platform.

WASHINGTON — Fannie Mae has delayed the roll out of its new automated underwriting system that will require mortgage lenders to use trended data for the first time in submitting their loans for approval.

Black Knight Financial Services, in its second deal as a publicly traded company, has bought business analytics firm Motivity Solutions.

WASHINGTON — Industry and consumer groups are calling on the Federal Housing Finance Agency to reduce the loan fees that homebuyers have to pay on Fannie Mae and Freddie Mac guaranteed mortgage loans.

Steps to improve credit access, evangelize for down payment programs and offer borrower counseling can stop and even reverse the decline in homeownership.