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While smaller in number, initiated foreclosures had a similar consecutive-quarter gain as the market transitioned away from pandemic-related relief that has artificially constrained workout activity.

Refinance applications came in 54% lower than a year ago, but average loan sizes accelerated, with the purchase amount setting another record.

The actions involved are based on findings by an interagency task force first convened last year by Marcia Fudge, secretary of the Department of Housing and Urban Development.

But since every customer’s case is different, it is hard to quantify how large a boost borrowers might get by not having this information on file.

Scott Colbert, executive vice president and chief economist at Commerce Trust Co., will discuss the Federal Reserve's monetary policy decision and where they go from here.

The company founded by former Zillow executives added jumbo loans in January and hinted at additional product offerings in the near future.

Production costs reached a high as secondary-market loan sale margins continued to decline.

The company is currently listing houses at prices that are 17% higher than it acquired them for.

Current deputy general counsel Wendell Chambliss steps up to the newly created officer position, with the appointment coming after a similar recent hire by Fannie Mae.

The two latest transactions follow in the wake of the government-sponsored enterprise’s first deal of the year and the release of a finalized capital rule aimed at facilitating broader risk-sharing.

The share who made timely payments inched up for the first time since June of last year.

The class action complaint comes after U.S. senators called on regulators to investigate the bank’s alleged treatment of minority homeowners.

The company, which had been spun off to specialize in services for distressed real-estate investment vehicles, will acquire alternative mortgages and seek opportunities in crypto-enabled ATMs.

Banking executives and analysts worry that the Federal Reserve's aggressive plan to raise interest rates will be insufficient to tame inflation and overcome economic fallout from the war in Ukraine.

Federal Reserve Chair Jerome Powell said the central bank will take the “necessary steps” to get inflation down even if that means increasing interest rates more rapidly than currently anticipated and eventually to levels that slow the broader economy.

Leaders with the top-ranked lenders discuss strategies for keeping their employees engaged as the industry adjusts to rapid changes.

An audit found that mostly wealthy, white homeowners in urban counties were benefiting from the century-old policy.

The move away from the scandal-plagued London interbank offered rate is going smoothly, according to a new survey of lenders and corporate borrowers. But many customers still face operational challenges ahead of a mid-2023 deadline for switching older loans.

Non-agency loan expert Bill Dallas will transition to serving as an advisor to the parent company’s CEO for the coming year.

Private-market loans nudged the total number up during a processing lull, according to Black Knight.