Mortgage rates for 30-year loans climbed for a third week, increasing borrowing costs as harsh weather contributes to slowing demand for homes.
Freddie Mac will return $10.4 billion in profits to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid under conservatorship.
The second-largest home lender's warning that it will lose money in the business this year is a forceful reminder that the housing market has not fully recovered from the downturn.
Mortgage Network in Danvers, Mass., has opened its first office in neighboring Rhode Island.
Bank of America Corp. disclosed new probes into its mortgage and foreign-exchange businesses and boosted an estimate of potential legal losses by 20% to $6 billion.
Purchases of new homes unexpectedly climbed in January to the highest level in more than five years, showing underlying strength in the industry even in the midst of unusually harsh weather.
Purchase applications reached their lowest level since 1995 last week, as the index decreased 4% from the previous week.
In the FDIC's fourth-quarter earnings report, the agency said loan buybacks fell to their lowest level in five years.
The fate of a measure that provided key tax relief to distressed homeowners is hanging in the balance as Congress debates a larger package of tax extenders.
A founding executive of the upstart company is leaving his post as executive vice president.
Carrington Mortgage Services appointed Harold Michaud as area manager for Northern California.
Jumbo mortgages currently are yielding less than agency loans, and there are other anomalies you can see in the business if you look closely.
Private issuers need certainty to create a new secondary mortgage market, MBA and SIFMA officials say.
Home prices climbed at a slower pace in the year through December, indicating the market is entering a new stage that will help sustain further progress.
JPMorgan Chase said it would eliminate about 8,000 jobs in the consumer and mortgage banking units this year as demand for refinancings declines.