Origination

While seasonal factors were attributed to the monthly rise in mortgage delinquencies for June, the jump was still much higher than last year's fairly steady increase, according to Black Knight.

New York Attorney General Letitia James is monitoring how the bankrupt Ditech Holding Corp. handles borrower-sensitive issues like foreclosure proceedings, and is backing the involvement of a consumer creditors' committee.

The bank is siding with a growing list of groups, including the U.S. trustee, attorneys general from several states and consumers, who object to Ditech's plan to sell its reverse mortgage business.

MGIC reported higher-than-expected earnings, seen as a positive for the other mortgage insurers, plus Flagstar and KeyCorp had strong quarters for their mortgage businesses.

Southwest Florida apparently escaped the free fall in foreign investment in residential real estate that hit much of the country. And the Sunshine State remains the most appealing to those property buyers, besting California and Texas.

Sales of previously owned homes declined in June, missing estimates in the latest sign of weakness for the housing market.

High demand, low inventory and multiple offers on homes are common in Spokane, Wash., which has become one of the hottest real estate markets in the nation.

With housing supply constrained and mortgage rates on a downslope throughout the year, buyers jumped at purchasing a home when the opportunity arose in June, according to Redfin.

Two key economic forces are responsible for driving single-family housing forward, but their potential is limited, according to the National Association of Home Builders.

Liberty Home Equity, a subsidiary of Ocwen Financial, is offering a new private-market alternative to Federal Housing Administration-insured reverse mortgages.