Origination

The cancellation by New Residential of a money-losing subservicing agreement should benefit Ocwen's financial results going forward, the company said.

Mortgage application volume rose last week, but with the 10-year Treasury yield tanking in recent days, growth in refinancings for the current period is quite likely, according to the Mortgage Bankers Association.

New-home sales jumped at the start of the year, reaching the strongest pace since mid-2007 on the heels of cheaper borrowing costs, favorable weather and a resilient labor market.

Growth in Puget Sound home prices accelerated as 2019 drew to a close, topping national averages for the first time all year, according to the latest S&P CoreLogic Case-Shiller Home Price Index.

Commercial real estate market participants could be missing the stresses that are wearing down the foundations of growth in the small-cap segment.

Overall housing value growth remained steady in the fourth quarter with some states going way above the national average, according to the Federal Housing Finance Agency's Home Price Index.

Mr. Cooper Group reported fourth-quarter net income of $461 million, aided by the recovery of its deferred tax asset and a positive mark-to-market on its servicing portfolio.

Alabama is fourth in the country for raw vacancy rate with more than 18% of all housing units in the state empty.

The agency's director said both steps will come as part of an ongoing review of agency rules and show her "commitment under the law to be effective and evidence based” in providing clarity to stakeholders.

Southern California home prices shot up in January from a year earlier, as buyers fought over a meager supply of homes for sale across the six-county region.