Mortgage, financial, and technology services provider Altisource Portfolio Solutions has announced the addition of Riccardo S. Brizzi as Chief Client Officer and Kirk G. Willison as SVP of Government and Industry Relations.

Wells Fargo has named Michael DeVito head of mortgage production, effective October 1, 2015. Devito will succeed Franklin Codel, whom will now serve as head of mortgage lending at Wells Fargo Home Lending, the company said last month.

As American cities rebound and develop after years of disinvestment, rising housing costs are excluding lower-income residents, and inclusionary housing could be the only solution to ensure that cities remain integrated.

Major banks across the U.S. are being cautious about adding mortgages that they did not originate to their balance sheets, and in turn, have recorded drastic declines in their third-party mortgage servicing portfolios since early 2009, shortly after the economic downturn in 2008.

Mortgage rates lowered to 3.86 percent for the week ending September 24, 2015 after the Federal Reserve decided to keep interest rates near zero last week.

HUD and the U.S. Census Bureau jointly announced Thursday the new residential sales reached a seasonally adjusted annual rate of 552,000 in August 2015, the highest level since February 2008.

American International Group Inc., and a group of General Electric Inc., pension and investment funds recently agreed to put a New York federal court suit brought about by the funds to rest.

Mortgage loan application defects took an unexpected turn in August and declined 2.4 percent, but there are questions as to whether or not loan defects will continue this downward trend.

The Consumer Financial Protection Bureau and the Department of Justice have taken action against Hudson City Savings Bank for discriminatory redlining practices, according to an announcement Thursday.

Pro Teck's Home Value Forecast found that in markets like San Francisco and Detroit are experiencing different recoveries and one reason for this is the credit availability.