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The National Association of Realtors index of contract signings to purchase previously owned homes increased 2.5% in December to 76.9, according to a release Friday.

Wells Fargo kept Chief Executive Charlie Scharf's pay at $24.5 million for 2022, a year in which both profit and stock tumbled and the bank continued to grapple with the fallout from a raft of scandals.

Since new policies were implemented following findings of improper influence by employees, some have neglected reporting, but corrective actions still met their intended goal because students and recent grads disclosed ties.

The Federal Housing Finance Agency will be looking at the government-sponsored enterprises as a means of doing more to address renter affordability challenges.

The new automation integrates with the company's customer-facing Servicing Digital software, and is aimed at helping consumers find temporary assistance with payment hardships.

Despite the significant annual increase, home buyers saw signs of affordability returning in the latter months of the year.

An executive at the firm also signed a $475,000 judgment against it from another mortgage player, although a federal judge has yet to sign off on the agreement.

But several recent news developments are creating the perception that the risk of a recession is on the wane and that could end the downward pressure on rates.

But late borrower payments slightly grew in November, with 18 metro areas reporting an increase, up from six metro areas in October, CoreLogic's report found.

Sales of new U.S. homes rose for a third month in December, wrapping up an otherwise disappointing year in which soaring borrowing costs stifled demand and weighed on the economy.

The U.S. economy expanded at a healthy pace in the fourth quarter, though an extended salvo of Federal Reserve interest-rate hikes is seen jeopardizing growth prospects this year.

Mortgage prepayment rates also fell to a new low for the third consecutive month in December, according to Black Knight.

Despite the reduction from last year, "there are some signs that that production is coming back" in mortgage, the bank's CEO said.

Approximately 20 million U.S. residents – the majority of which were Gen Zers – took out their first debt product between the start of 2019 and mid-2022, a TransUnion study found.

Shares of the digital real estate company fell as much as 16% Wednesday.

Volumes came in higher for purchases and refinances, as well as for both conventional and government products.

Northern and East Coast towns have replaced hotspots of the past two years in Florida and the Rocky Mountains region.

Its "enhanced" oversight procedures now include a multilayered review process and if discriminatory bias is confirmed, an appraiser "will be subject to removal," the department said

The Chicago-based lender will provide up to $8,000 in down payment and closing cost assistance to underserved potential home buyers.

During a hearing on racial bias in home valuation, the head of the Consumer Financial Protection Bureau questions the Appraisal Foundation's "weird" regulatory structure.