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Unexpected rate drops and other factors drove a surprising rebound in nonbank mortgage hiring during what is usually a slow season.

A larger percentage of newly originated mortgages to millennials shifted toward purchase loans as interest rates stayed low, according to Ellie Mae.

Ocwen Financial Corp. is on track to become profitable on a pretax basis by the third quarter without any special items enhancing earnings, according to a preliminary release of its fourth-quarter results.

To paint nonbanks as a source of systemic risk, particularly given the track record of commercial banks in causing the 2008 subprime mortgage fiasco, seems absurd.

Housing markets on Hawaii island and Kauai had volatile starts to the year with several swings over 25% for sales and prices in January.

Falling interest rates, strong job growth and declining inventories could be setting the conditions for a spring reprise of the painfully hot housing market of 2017, Seattle area real estate agents say.

While loan officers will remain mortgage lenders' leading business development tool in the future, those originators believe business will come from a more diversified source pool, a Fannie Mae survey found.

Mortgage industry hiring and new job appointments for the week ending Feb. 7.

Members of the House Financial Services Committee chastised Kathy Kraninger for not supervising student loan servicers and failing to examine firms for compliance with the Military Lending Act.

A shrinking supply of available homes for sale in Canada's largest city continued to drive prices higher last month, bringing annual increases to the strongest in more than two years.