News

With mortgage interest rates hovering just above historic lows for the last few weeks, one would think the environment is great to refinance a mortgage. One analysis found however, reported a decline in refinances.

Having dismissed a $1.27 billion penalty against Bank of America for the High Speed Swim Lane (HSSL, or "Hustle" program) in May, the 2nd Circuit Court of Appeals ruled in favor of the bank again on Monday.

Former Fannie Mae CEO Daniel Mudd and the Securities and Exchange Commission (SEC) have reached a settlement over a lawsuit the SEC filed against Mudd nearly five years ago.

Gains in existing-home sales, wage growth, job growth, low mortgage rates have fueled consumers’ confidence in the U.S. housing market, according to one analysis.

B2R Finance, a Charlotte, North Carolina-based lender for single-family rental property investors, has announced the hiring of Joe Hullinger as a senior vice president.

Both new and existing-home sales reached decade-high levels in June. Will July's reports bring similar news? The industry will find out this week on Tuesday for new home sales and Wednesday for existing-home sales.

According to one of Democratic presidential candidate Hillary Clinton's top economic advisers, housing will play an important role in the Clinton Administration if she is elected.

CFPB Director Richard Cordray responded to a letter from a group bipartisan group of 70 U.S. Senators asking the Bureau to exempt the community banks and credit unions from certain regulations.

The homeownership rate is down and prices are up, and both metrics present chances for mortgage loan officers and their Realtor partners to ferret out opportunity.

The share of homeowners who are underwater is only a fraction of what it was at the height of the crisis. But it is still a problem, according to a couple of recent studies.