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From Southern California to the Great Lakes, here's a look at 12 housing markets with the biggest annual declines in pending sales, according to CoreLogic.

First American's Loan Application Defect Index is higher on a month-to-month basis for the first time since February 2019.

The growing pandemic caused Texas home sales to drop to the lowest level in eight years in May.

Contract signings to purchase previously owned homes surged in May by the most on record as mortgage rates fell and some states began to reopen from coronavirus lockdowns.

In a split 5-4 decision, the justices gave presidents new power to remove the agency's head at will. The ruling could have far-reaching implications for other regulators with single directors.

Sales of homes for May were down in Butler County and the Greater Cincinnati area, a trend that was anticipated due to the Ohio stay-at-home order.

Cannae Holdings, a spinoff of Fidelity National Financial, is trying to stage an unsolicited takeover of the property data, analytics and services firm that once had ties to Fidelity's competitor.

Some observers said the central bank should have suspended dividends entirely in response to an unprecedented economic emergency caused by the pandemic. Others said its more cautious moves were appropriate because big banks' capital is strong and the economy could bounce back.

Compared with the week prior, approximately 83,000 more loans from all investor types became forborne.

Nonbank servicers have been seeking more sources of cash since the coronavirus disrupted markets and elevated forbearance rates. These are some strategies they may be able to use.

Sales of single-family existing homes in Maine fell by a staggering 21.3% in May from a year earlier, nearly matching the most recent comparable one-year decline of 21.4% following the Great Recession, in June 2011.

In the most sweeping capital distribution order since the financial crisis, the Federal Reserve says it will prohibit big banks from buying back their stock in the third quarter and limit dividend payments to second-quarter levels.

But the coronavirus put a hold on the market in April and remains an overhanging cloud for the future.

The government-sponsored enterprises had been considering tightening counterparty requirements for nonbanks, but in light of COVID-19's spread, they've reconsidered that.

The Mortgage Bankers Association points to better lender diversity and a stronger housing finance network as reasons for its support.

With just 13 decisions remaining on the docket this session, the high court's highly anticipated ruling in a case challenging the agency's leadership structure could come as early as next Monday.

Mortgage rates were flat this week and remain near all-time lows, according to Freddie Mac. But significant numbers of borrowers remain unable to take advantage of them.

An imminent high court ruling about the independence of the bureau's director, coupled with an election victory for Joe Biden, could doom a plan to extend GSEs' exemption from tough debt-to-income requirements on mortgages.

For banks with assets between $10 billion and $100 billion, the average exposure is 165% of capital.

The mortgage company will provide up to $17 million in forgiveness to settle charges that modifications it applied to distressed government-related loans were not in keeping with state servicing regulations.