Headlines

Interest rates on conventional purchase-money mortgages and home loan amounts increased from May to June, according to Federal Housing Finance Agency indices of new mortgage contracts.

Quicken Loans, Inc. ranked the highest in terms of customer satisfaction among all primary mortgage servicers for the second consecutive year, according to the J.D. Power 2015 U.S. Primary Mortgage Servicer Satisfaction study released Thursday.

With many institutions still designated as "systemically important" or "too big to fail" even seven years after the financial crisis, a subcommittee of the Senate Banking Committee convened for a hearing on Wednesday to discuss ways in which bankruptcy reform could end "too big to fail."

Although Federal Reserve officials determined that economic activity is expanding moderately, the housing sector has shown additional improvement, and job gains have been solid with declining unemployment, the federal funds rate will remain the same at a target range of 0 to 1/4 percent, according to the Federal Open Market Committee July meeting.

For the first time in 2015, pending home sales declined in June, slowing momentum in the height of the homebuying summer season.

Stewart Information Services Corp. recently announced that Genady Vishnevetsky has been hired as chief information security officer.

On Tuesday, the Consumer Financial Protection Bureau announced an enforcement action taken against Paymap Inc. for deceptive advertisement practices used to market a mortgage payment program.

The second in a series of three full Committee hearings examining the impact of the Dodd-Frank Act on American prosperity, freedom, and financial stability five years after the controversial law was enacted took place in the House Financial Services Committee on Tuesday.

Recent survey data from Fannie Mae's Economic & Strategic Research group found that many mortgage lenders are still applying credit overlays that are stricter than what Freddie Mac, Fannie Mae, or Ginnie Mae require.

S&P Dow Jones Indices released the results for their S&P/Case-Shiller Home Price Indices on Tuesday, finding that U.S. home prices continued to increase across the country over the last year.