Organization Root Tag

The company reported nearly $23 million in losses for the second quarter, but that was an improvement on a quarter-to-quarter basis.

Whoever wins the White House in November may have immediate agency openings to fill, while a key decision looms about who will run the Federal Reserve after Jerome Powell’s term expires in 2022.

U.S. home purchases by foreign buyers have dropped to the lowest point in more than a decade.

Thoma Bravo bought Ellie Mae last February and is selling it for a $7 billion gain.

After an initial fizzle, the stock at one point was trading above the original expected price range.

Whether mortgage rates continue to decline may depend on Friday’s job numbers.

Rising equity levels lifted borrowers across the spectrum in the second quarter, according to Attom Data Solutions.

Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.

While Black homeownership just rose to its highest level in 16 years, it's still the lowest of any racial demographic and 29 percentage points behind white people.

The agency said property owners can enter into new or modified forbearance plans if they have a hardship due to the coronavirus, but the landlords must agree not to kick out renters solely for nonpayment of rent.

The American Dream Down Payment Act would let states establish and manage accounts, which would be similar in structure to 529 college savings plans.

Deferrals on residential mortgages and home-equity loans have been a common theme at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup since the start of the coronavirus pandemic.

With year-to-date issuance at $51.7 billion, investor demand appears to remain strong despite economic headwinds of the pandemic.

An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.

With over 4 million millennials entering prime home buying age each year through 2023, purchase activity will be driven much higher, according to Ellie Mae.

The common stock for the new parent of Quicken Loans is expected to start trading on the New York Stock Exchange on Thursday.

The Federal Reserve Racial and Economic Equity Act would direct the Fed to consider racial inequality in employment, income and access to affordable credit when making monetary policy and in its regulation and supervision of banks.

For years, there has been an expectation that markets and governments would figure out how to provide enough incentives for homeowners to make energy efficiency upgrades and environmental improvements. It hasn't happened yet.

Rates are forecasted to remain at the current low levels for the rest of 2020, driving steady refinance volume.

The company, which launched last fall, announced a partnership with an organization that aids military families.