Tanaya Macheel

Two mortgage servicers have agreed to join a group of peer institutions in following a series of guidelines to address zombie properties in New York State, Gov. Andrew Cuomo announced Thursday.

Mortgage credit availability fell in June despite signs of improving housing markets, says the Mortgage Bankers Association.

Californians are back in the home purchase market and forming households again thanks to an improving economy and an increase in job growth, according to the California Association of Realtors.

RealtyTrac reported 126,868 foreclosure filings last month, the highest level of activity in 19 months, driven mainly by bank repossessions and a 5% year-over-year increase in scheduled foreclosure auctions.

Mortgage applications fell 5.5% on an adjusted basis for the week ending June 12 from a week earlier, according to the Mortgage Bankers Association.

Community West Bancshares in Goleta, Calif., said that a litigation settlement concerning its sale of residential-mortgage loans will reduce its second-quarter profit.

The number of vacant and abandoned properties that are in foreclosure decreased in the second quarter, according to a RealtyTrac report.

Mortgage applications increased 8.4% on an adjusted basis from a week earlier, according to the Mortgage Bankers Association.

The California Reinvestment Coalition has called for a federal investigation into the foreclosure policies of OneWest Bank in minority neighborhoods.

The Consumer Financial Protection Bureau's "qualified mortgage" rule has put a damper on the recovery of the housing market, according to an American Bankers Association survey.

Community Investment Corp. has raised $200 million from about three dozen banks to acquire and rehabilitate thousands of affordable rental-housing units in the Chicago area.

Bank of America will close a back-office facility in a Sacramento, Calif., suburb and outsource some of the office's employees.

The share of high loan-to-value ratio purchase loans is at a two-year high, according to RealtyTrac's 2015 Down Payment Report for the first quarter, released Thursday.

Signs of increased underwriting discipline dissolved in the first quarter, creating a challenge for U.S. CMBS investors, according to Fitch Ratings.

There could be a new wave of delinquencies among home equity line of credit borrowers as a large percentage are moving into the repayment phase, a report from Experian said.

Freddie Mac auctioned off 1,052 delinquent nonperforming loans serviced by Ocwen on May 21 as part of its Standard Pool Offerings.

The Mortgage Collaborative has entered into an agreement with Fannie Mae that would make certain enhancements of its benefits available to its lenders.

Demand for commercial real estate is on a gradual road to recovery, the National Association of Realtors says, thanks to a stronger labor market and growing household formation among young adults.

Exeter Financial has hired former Freddie Mac executive Paige Wisdom to be its chief financial officer.

First Internet Bank of Indiana is expanding its residential mortgage lending in its home state by offering the U.S. Department of Agriculture Rural Development loan guarantee program.