Tanaya Macheel

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.

Foreclosure starts fell 22% from the previous month, according to a Black Knight Financial month-end mortgage performance statistics report.

There were foreclosure filings on a reported 125,875 properties in April — 3% more from the previous month and 9% more from a year ago.

Radian Guaranty has added two national account managers and an inside sales account management team to work strictly with its credit union customers, their members and their trade associations.

Banks and mortgage firms representing 70% of the New York market will adopt a set of best practices to combat the "zombie properties" afflicting communities throughout the state, New York Gov. Andrew Cuomo announced Monday.

RMBS 3.0 investors are turning their attention to service performance in new transactions, following years of difficulties in the mortgage servicing sector, according to Fitch Ratings.

Online real estate marketplace Hubzu is offering consumers looking to bid on real estate owned properties a financing contingency option.

A lack of available financing for small investors is hindering the recovery of the commercial real estate market, says National Association of Realtors Chief Economist Lawrence Yun.

April home sales were up 5.4% and prices up 6.5% from the previous year, real estate brokerage Redfin reported.

Small loan amounts are offered at more expensive rates than those of higher amounts, according to an analysis of loan requests and quotes on Zillow Mortgages.

Mortgage origination activity slowed in the first quarter compared with the fourth quarter of 2014, but showed improvement on a year-over-year basis.