Lalita Clozel

Fifth Third Bancorp has agreed to pay nearly $85 million to settle fraud charges related to undisclosed defective Federal Housing Administration-insured loans.

The Department of Housing and Urban Development launched a new ethics program that will support whistleblower, ombudsman and hotline initiatives.

Millennial borrowers display a more prodigal and unconventional attitude to borrowing than their elders, a loanDepot survey suggests.

The Justice Department said that members of the military whose properties were wrongfully foreclosed are eligible to receive a total of $311 million in compensation from five large mortgage servicers.

Thirty-year fixed-rate mortgages averaged 3.85% during the week ending Oct. 1 — merely a one-basis-point decrease from last week.

JPMorgan Chase has paid off $3.56 billion of the $4 billion it owes in consumer relief credit as part of a 2013 settlement over marred mortgage-backed securities issued before the crisis.

The rate of mortgage applications dropped 6.7% in the week ending Sept. 25, according to the Mortgage Bankers Association.

The Asian Real Estate Association of America has launched a two-year partnership with Radian Group's mortgage insurance unit.

Existing-home sales are predicted to increase this month after an unexpected August drop, according to Auction.com's latest Real Estate Nowcast.

In this slowing economic recovery, the housing market is showing signs of resilience but still faces long-term challenges, according to a report from Stifel Nicolaus & Co.