News
Mortgage servicers included principal reduction on 10.2% of modifications in the first quarter, up from 3% one year ago, according to the Office of the Comptroller of the Currency.
OCC data only covers roughly 60% of the entire mortgage market. Principal reduction took...
Lennar ($38.85 -0.47%) second-quarter earnings surged on an increase of the homebuilder's deliveries and new orders, as well as a tax...
Mortgage servicers completed nearly 123,000 foreclosures in the first quarter, the most since the middle of 2010, according to the Office of the Comptroller of the Currency.
The data covers only 60% of all first-lien mortgages in the U.S. But the report released Wednesday...
Home contract signings rose for the 13th straight month, according to the National Association of Realtors, which reported pending home sales rising 13.3% over May 2011 and up nearly 6% over April 2012.
"The housing market is clearly superior this year compared with the...
Mortgage applications fell 7.1% for the week ending June 22 as the nation's refinancing volume cooled, the Mortgage Bankers Association said Wednesday.
The MBA attributes the decline to lower demand for refinance applications on government loans...
The Office of the Comptroller of the Currency finalized a rule prohibiting banks from relying on credit ratings agencies to determine whether a security is "investment grade."
The rule comes under...
The median home price in Phoenix hit a 41-month high in May as sales increased in both the mid- to high-end segments of the housing market, accordiing to research firm DataQuick
In fact, the median price paid for a home rose for the sixth consecutive...
The Mortgage Bankers Association asked Congress to pass a Department of Housing and Urban Development spending bill and avoid a stalemate that could undermine a still fragile housing recovery.
A House subcommittee passed a HUD budget roughly $1.9 billion...
The banking sector in Texas sees a new lawsuit filed against the Consumer Financial Protection Bureau by one of its own state banks as a natural reaction to unfinished Dodd-Frank rules and fears that loan products could be banned by the CFPB.
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The banking sector in Texas sees a new lawsuit filed against the Consumer Financial Protection Bureau by one of its own state banks as a natural reaction to unfinished Dodd-Frank rules and fears that loan products could be banned by the CFPB.
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Miami loan officer Alejandro "Alex" Curbelo is facing more than four years in prison for his role in a mortgage fraud scheme, according to the United States Attorney for the Southern District of Florida.
After he's released from prison, he's facing three years of supervised release and...
Products that protect the value of homes in an uncertain market are springing up to help wary homeowners cope with potential price depreciation.
"The financial impact of the loss of equity has been devastating, both to the national economy and to millions of homeowners who rely upon their...
Pennsylvania Gov. Thomas Corbett signed a bill last week sending nearly $60 million from the robo-signing settlement to fund loans for unemployed borrowers who put the money to their mortgage payments.
Act 91 of 1983 launched the Homeowners' Emergency Mortgage Assistance Program to be...
Home prices across the nation increased 1.3% on average when comparing both of Standard & Poor's Case-Shiller price indices to year-ago levels, S&P said Tuesday.
The latest report from S&P Case-Shiller shows new price data...
The New Jersey state Senate narrowly passed a bill Monday giving the state the ability to buy vacant, previously foreclosed homes and resell or rent them out.
State Sen. Raymond Lesniak, D-Union, introduced the New Jersey Residential Foreclosure Termination Act in February.
The...