Origination

Ocwen Financial finalized the deal to sell its interests in $110 billion of nonagency mortgage servicing rights to New Residential Investment Corp. for total consideration of $400 million.

Strong housing demand continued to outpace supply in June, in large part because millennial buyers are on the rise, according to First American Financial Corp.

Mayor Byron W. Brown is overhauling the board that oversees Buffalo's public housing for 10,000 residents, an initial step toward tackling ongoing problems at the agency.

A slowdown in sales of previously owned homes shows how lean inventories are keeping prices elevated and limiting purchasing options.

The foreclosure rate in the Twin Cities metro is at an all-time low and is now one of the lowest in the U.S.

Foreign buyers continue to find California residential real estate very attractive, but it looks like the growth of international deals in the state trails a national upswing.

It’s a very large number for any bank, but Bank of America executives said the move makes good economic sense and promotes relationship-building with customers.

Auto risks mounting. Mortgage market tightening. Are there any good risks these days in consumer lending? Regional bank executives insist partnerships with online lenders, unsecured personal loans and other niche efforts can work if done properly.

The national median home value was above $200,000 in June, breaking a barrier that was not reached during the housing boom.

House Financial Services Committee leaders and two top real estate trade groups have cut a deal on a bill to reform the National Flood Insurance Program.