Joseph Kellard

Consumers are feeling a growing pessimism about the direction of the economy that appears to be spilling over into the housing market in March, Fannie Mae said.

According to the American Bankers Association's quarterly report on consumer delinquency trends, late payments on home equity loans and home equity lines of credit have dipped below 15-year averages for the first time since the Great Recession.

Defaults on commercial mortgage-backed securities declined for the fifth straight year in 2015, according to Fitch Ratings.

While the percentage of properties with negative equity decreased during 2015, the lowest-priced homes continued to struggle to regain value, according to Black Knight Financial Services.

Appraisal management company Solidifi has acquired Linear Title & Closing, a provider of national title searches and mortgage closing services.

Fifth Third Bank is offering a teaser rate to new home equity line of credit borrowers through July 31.

The number of misrepresentations in mortgage applications continued to decline in February, benefiting from lenders' increased spending on compliance, said First American Financial Corp.

Fannie Mae has unveiled a mortgage for borrowers who want to finance energy and water efficiency improvements to their homes.

LoanLogics has raised $10 million in new capital that the mortgage software vendor plans to use to support its growth.

Home prices rose 5.3% in January compared to the previous year, according to Black Knight Financial Services.

Freddie Mac has sold $1.4 billion in deeply delinquent, nonperforming loans.

While the absolute number of housing markets that are less affordable than their historic norms remains small, there is concern over rising home prices forcing consumers out of the market, according to RealtyTrac.

A trio of private commercial mortgage veterans announced the launch of Shelby Funding in Boca Raton, Fla.

The 30-year fixed-rate mortgage averaged 3.55% for the week ending March 15, according to Zillow Mortgages.

Ten-X will unveil Ten-X Homes and Ten-X Commercial at the annual SXSW Interactive Festival in Austin, Texas, on Friday.

Stewart Information Services Corp. has terminated Jason Nadeau, group president of the company's mortgage and title services, according to an 8-K filing dated March 1.

New Penn Financial has named Amy Brandt Schumacher president to oversee the company's information technology operations, along with all of its origination channels.

Millennials and non-whites make the strongest association between owning a home and the American dream, according to a survey from Zillow.

Prices of loans underlying commercial mortgage-backed securities were on the rise in January, according to DebtX.

Home prices rose 6.9% in January compared to a year ago, according to CoreLogic.