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Builders nationwide have complained they can't compete with sales of distressed homes. But a Tempe, Ariz., outfit is using the drawbacks associated with buying foreclosed homes to fight back.

Existing home sales in California in September were down from a year ago — but more sales were notched during the month than in August, according to the state's Realtor organization.

Ginnie Mae issuers securitized a near record $413 billion of government-guaranteed residential loans in fiscal year 2010, according to figures released Friday afternoon.

Home Mortgage Disclosure Act numbers for 2009 show a welcome trend—home loans to minorities increased by more than 8%, after a whopping 45% decrease in 2008.

All 50 states are now on the Nationwide Mortgage Licensing System and Registry, with Hawaii becoming the last state to join this week.

The Rural Housing Service is preparing to start guaranteeing single-family loans again, and sources expect the agency to make an announcement next week.

With refinancing applications booming across the country, warehouse lending volumes are quickly rising at ViewPoint Bank, Plano, Texas, which entered the space about two years ago.

Sb1 Federal Credit Union of Philadelphia is still trying to find out how to identity thieves were able to tap into a customer's home equity line of credit, steal his private information – including passwords – and convince the credit union to wire $220,000 from the HELOC to an unrelated account in Hong Kong.

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WASHINGTON—Noting new life in the market for commercial mortgage-backed securities, a survey of industry specialists suggests that issuances could once again reach $100 billion by 2013.