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Purchases of new homes in September stayed close to an almost nine-year high, showing residential real estate was maintaining momentum heading into the quieter selling season.

Flagstar Bancorp's quarterly profit increased after a decline in the value of a 2012 legal settlement liability tied to its mortgage lending practices.

Home prices, when adjusted for income and interest rates, decreased in August by 2.6% on a year-over-year basis, making properties more affordable, according to First American Financial Corp.

American National Insurance Co. will use SS&C's Precision LM software product to manage the full lifecycle of its commercial real estate loan portfolio.

Heartland Financial USA in Dubuque, Iowa, has named Jack Lloyd president of its residential mortgage business.

The percentage of foreclosed mortgages reached its lowest point in nine years, according to Black Knight Financial Services.

CoreLogic reported its net income increased by 27% to $36 million for the third quarter on a year-over-year basis, as it saw record highs for revenue and operating income.

Home prices in 20 major U.S. cities continued to rise at a steady pace in August, according to data Tuesday from S&P CoreLogic Case-Shiller.

Real estate franchisor Re/Max Holdings is getting into the mortgage brokering franchise business with its new unit Motto Mortgage.

Fannie Mae is planning to provide relief to lenders from potential buybacks for loans in which the borrower's income, assets and employment information have been validated through automated underwriting.