Using two both new home sales figures and new home sales share, CoreLogic determined that eight out of the 10 hottest markets for new home sales are located in the South, let by Nashville, Tennessee, at 17 percent year-over-year growth.

The Financial Regulatory Improvement Act of 2015, introduced last week by Senate Banking Committee Chairman Richard Shelby (R-Alabama) is aimed at providing regulatory relief for community and regional banks and credit unions, and proposes what Shelby calls "moderate" changes that would increase the transparency of the Federal Reserve.

Consumers' conservative financial behavior suggests modest economic growth for the remainder of the year, though the housing industry appears to be gaining momentum, according to Fannie Mae's Economic and Strategic Research Group's May 2015 Economic Outlook released Thursday.

Michael Stegman, currently the Counselor to the Secretary of the U.S. Department of Treasury for Housing Finance Policy, will step into a new position in the White House later this week when he joins the National Economic Council (NEC), according to a report from the Wall Street Journal.

An initial public offering (IPO) of 18 million shares of Class A common stock from Black Knight Financial Services, a Jacksonville, Florida-based technology, data and analytics solutions provider for the mortgage industry, debuted Wednesday morning at the New York Stock Exchange.

A federal judge dismissed claims in lawsuits against U.S. Bancorp and Bank of America accusing the two banks of failing in their duties as trustees for residential mortgage-backed securities that were allegedly found to have defects after they were sold, causing billions of dollars in losses to investors.

Consumer sentiment dropped substantially in the first May reading in the University of Michigan'sConsumer Sentiment Index, from 95.9 in April down to 88.6, its lowest level since October of last year.

Former Federal Reserve chairman Ben Bernanke has voiced his displeasure with the provisions of a bi-partisan bill introduced in the Senate earlier this week that would limit the Fed's lending authority and end "too big to fail."

An Agency mortgage servicing rights deal worth approximately $45 billion between Chase and Ocwen Financial Corp. has been finalized after two and a half months, according to an announcement from Chase on Thursday. Ocwen first announced on March 2 it had signed a letter of intent to sell the $45 billion portfolio, which includes about 266,000 high-quality Fannie Mae loans, to an anonymous buyer.

Millennials, which are viewed by many analysts as the key to driving the housing market recovery, are actively seeking credit but largely being denied, according to a white paper released Tuesday by ID Analytics titled "Millennials: High Risk or Untapped Opportunity?"