News

After suffering a major drop in November 2015, existing-home sales turned the tables back toward favor with the largest monthly increase ever recorded in December.

Mortgage rates have only headed one direction since the Fed's decision in December to raise rates by 0.25 percent. Freddie Mac says the falling rates reflect the tumultuous global economy and weak inflation.

As lenders gear up to attract new loan officers (LO), many have them are requesting unique or complex compensation plans. The real challenge lenders face is adapting their compensation plans to these requests, while complying with Consumer Financial Protection Bureau (CFPB) standards.

In an effort to help community banks and thrifts with their examination timelines, the Federal Deposit Insurance Corp., (FDIC) has approved an interim final rule to allow more established small institutions to qualify for the the 18-month exam cycle.

Home prices in the U.S. housing market has seen some major gains over the last few years, but you will be surprised to know that much of this growth is stemming from homes that are priced 75 percent or less of the median home price.

Online real estate marketplace Ten-X (formerly Auction.com) has announced that the company’s EVP, Rick Sharga, has been promoted to the position of chief marketing officer.

Bank of New York Mellon's residential mortgage-backed securities legal issues and BankUnited's recent departure from retail mortgage originations appeared to have little to no effect on these companies' incomes in the fourth quarter of 2015. Read on to see what is driving these institution's profits way up in the fourth quarter.

The U.S. Securities and Exchange Commission (SEC) has approved a settlement with Ocwen Financial Corp. for $2 million to resolve claims that the mortgage servicer misstated its financial results, according to an announcement from the SEC.

In the last month of 2015, applications for new home purchases took a chill pill and decreased month-over-month. Could this be what economists meant by slow growth headed into 2016?

Freddie Mac has dropped its lawsuit against Deloitte & Touche that accused the accounting firm of negligence regarding the auditing of certain mortgage loans the GSE purchased from now-defunct mortgage lender Taylor Bean & Whitaker.