Mortgages

While the inventory of new and existing homes is tight, competition for smaller homes is heating up as aging baby boomers are down-sizing and selling their residences.

A Long Island, N.Y., man was sentenced to prison time and ordered to pay $2.5 million after pleading guilty in June to ripping off distressed homeowners, said Christy Romero, the Tarp special inspector general.

Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors.

On Dec. 31, 2016. Dollars in thousands.

Bankers oppose legislation that would let local governments finance energy efficiency projects with liens ahead of the mortgage.

Bankers hope that new tax policy will respect the role of tax-assisted community development programs in encouraging business investment in distressed areas.

Vacancies and rent-slashing have some banks worried that certain markets are overheating, but others say the decline in nonperforming loans is a sign the sector has never been healthier.

Ben Carson is facing a turbulent housing market as he takes the reins of the Department of Housing and Urban Development, with mortgage rates rising, inventories tight and home prices higher.

Simultaneous spikes in home prices and mortgage rates have put an unusual squeeze on borrowers' purchasing power and require lenders to be proactive about protecting their loan pipelines.

Caliber will also buy about $36 million of mortgage servicing rights in a deal that is expected to close at the end of March.

The Senate voted 58-41 on Thursday to confirm Ben Carson to be the 17th secretary of the Department of Housing and Urban Development.

Soaring home prices have created market volatility that's making it difficult for appraisers to accurately pinpoint home values and putting mortgage approvals and home sales in jeopardy.

It would encourage tighter underwriting of commercial mortgages, something the investors say is sorely needed.

The bank says it will push the rest of the industry to follow its lead and step up lobbying for policies that increase minority homeownership.

Biased housing finance practices perpetuate the wealth gap between whites and communities of color.

With mortgage rates and housing prices both expected to go up this spring, lenders are facing a decision on how they will adjust to the decline in refinancings and overall lending volumes.

Republican lawmakers are citing a recent report that delinquencies rose for loans guaranteed by the Federal Housing Administration as a reason to delay a premium cut, but economists suggest the uptick is related to seasonal issues.

A federal appeals court upheld a ruling that barred hedge funds from suing to overturn the U.S. government’s 2012 decision to capture billions of dollars in the profits generated by the mortgage guarantors Fannie Mae and Freddie Mac after their bailout.

All eight credit unions are recognized for having given members back more than $1 million as part of CU Realty's Cash Rewards program for mortgage lending.

The mortgage servicer will pay at least $25 million in cash and provide some $200 million in debt relief to borrowers to resolve a range of alleged violations. But Ocwen will also be allowed to resume acquiring servicing rights in the nation's largest state.