Two federal agencies partnered up to let certain companies know their mortgage advertising tactics may be unlawful. The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced letters were issued over potentially misleading advertisements that target veterans and older Americans.

As of September 30, the five servicers named in the national mortgage settlement reported they have provided $26.11 billion in actual consumer relief.

New York Attorney General Eric T. Schneiderman accused Wells Fargo of using Hurricane Sandy to evade obligations under the national mortgage settlement.

The Consumer Financial Protection Bureau (CFPB) is granting more time to implement new mortgage disclosures required under the Dodd-Frank Act.

Since the IRS will soon allow electronic signatures on Form 4506-T, Equifax has enhanced verifications services in anticipation of the change.

More than 95 percent of borrowers who refinanced in this year's third quarter selected a fixed-rate loan, according to data from Freddie Mac.

Bank of America announced it's on track to fulfill consumer relief requirements as part of the national mortgage settlement.

The national mortgage delinquency rate fell further in Q3 2012 to 5.41 percent, TransUnion reported Tuesday. The Q3 rate is a decrease from 5.49 percent in Q2 2012 and a near 8 percent drop from 5.88 percent in Q3 2011, according to the credit bureau. While the national delinquency rate has been making progress, Tim Martin, group VP of U.S. housing in TransUnion's financial services business unit, said, "we still have a long way to go to reach more 'normal' conditions of a delinquency rate in the 1-2% range for the U.S. average."

Prospect Mortgage, LLC hired an industry veteran to lead the company's plans to grow its lending and loan servicing capabilities. Amy Brandt was selected as president of correspondent lending and servicing. In her new role, Brandt will help build Prospect's national correspondent lending platform and develop its loan servicing potential.

A lower supply of inventory and fewer distressed sales led to stronger home price gains across the country, the National Association of Realtors (NAR) revealed in a recent report. On a national level, the median price for existing single-family homes increased 7.6 percent to $186,100 in the third quarter of this year compared to last year, the strongest annual gain since first-quarter 2006. The median price for existing homes improved in 120 out of 149 areas since last year.