Massachusetts

Real estate investors — people who purchase and quickly resell homes for profit, sometimes called "house flippers" — are a key hurdle for many looking to break into the housing market.

Home sales declined in June nearly 10% and condo sales plunged nearly 12% compared to last June as the median sale price for both homes and condos in Massachusetts soared to all-time highs.

Mortgage Industry Advisory Corp. will collect bids Tuesday on behalf of a seller for a more than $1 billion mortgage servicing rights package that includes securitized loans with alternative remittance cycles.

The Boston company gained the mortgage platform when it bought First Choice in 2017.

Northeast mortgage originators relied heavily on referral relationships with attorneys and financial planners and less so with homebuilders last year, the Top Producers 2019 survey found.

Caliber Home Loans settled a grievance with the Massachusetts attorney general over allegations of providing distressed borrowers with unaffordable loan modifications.

Now that Ocwen settled the servicing practices lawsuit brought by the Massachusetts attorney general, just two outstanding complaints remain from the 30 filed nearly two years ago.

David Plunkett, a 53-year-old accountant in Lynn, Mass., pleaded guilty to bank fraud this week for his part in a scheme to defraud mortgage lenders between 2006 and 2015.

New Fed Mortgage's pending acquisition of Commonwealth Mortgage LLC will allow it to expand its geographic footprint outside of New England.

At least 38 projects totaling 3,337 units were proposed statewide in 2017, which is far more than the five projects totaling 391 units proposed in 2010, the basement of the Great Recession.