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First-time homebuyers are finally jumping into the U.S. property market.

Steven Abrahams, Deutsche Bank AG's head of U.S. mortgage bond and securitization research, is leaving this month after almost six years at the bank as it pulls back from those markets, two people with knowledge of the matter said.

MGIC Investment Corp. posted net income of $102.4 million in the fourth quarter, a gain of 36% from the $75.1 million it earned in the same period in 2014.

Barclays Plc is exiting residential mortgage and commercial mortgage backed securities trading and asset-backed derivative in the U.S., according to a memo seen by Bloomberg. Operations will be focused on origination-led ABS and primary CMBS.

The average interest rate on the 30-year fixed rate mortgage rates fell this week to a three-month low, as investors exited stocks and commodities for the safety of government bonds.

Ocwen Financial Corp. will pay $2 million to settle charges that it misstated its financial results in valuing complex mortgage assets, said the Securities and Exchange Commission.

Redwood Trust in Mill Valley, Calif., plans to stop buying mortgage loans to resell to Fannie Mae and Freddie Mac as it looks to cut costs.

Mortgage applications leapt 9% on a seasonally adjusted basis for the week ending Jan. 15 compared to one week earlier, according to the Mortgage Bankers Association.

Goldman Sachs Group Inc.'s fourth-quarter net income dropped 65% because of the costs to settle a mortgage probe.

Societe Generale SA is pulling back from the U.S. mortgage bond business just two years after building out the unit, according to two people with knowledge of the matter.