Economy

After imposing a virtual moratorium on adding new issuers, Ginnie Mae is again accepting applications from mortgage companies seeking to pool loans for securitization and servicing.

Fannie Mae touted its financial support to the small multifamily loan market last year, saying it provided $1.6 billion in financing to the sector.

Nationstar Mortgage Holdings swung to a profit in the fourth quarter, compared to the previous quarter, on higher revenue from servicing.

CoreLogic more-than-doubled its profit in the fourth quarter, as the benefits from an acquisition helped offset higher expenses.

Citing rising cost and time constraints, PHH Corp. will stop internally building its retail originations business and instead focus on acquisitions and its joint venture with Realogy Corp., PHH Home Loans.

Understanding how consumers pay their debts over time is expected to widen access to credit for consumers recovering from financial problems or who were hard to score before. Just how many it will benefit is an open debate.

Interest rates on fixed-rate mortgages fell this week, according to Freddie Mac, after a small rally in the previous two weeks.

Amid growing scrutiny of how the hand-off of mortgages is managed after loan closings and bulk sales, servicers are working to automate the entire process to create a consistent and accurate onboarding experience for borrowers.

Fannie Mae has sold a pool of about $13.2 million of nonperforming loans to New Jersey Community Capital.

Rising home prices in hot housing markets are robbing buyers of a favorite pleasure: looking at pictures of homes they can't afford.

Home prices rose 5.8% in the fourth quarter from a year earlier as buyers competed for a tight supply of listings.

An increased level of home-purchase mortgage applications led to continued improvement in the U.S. housing market in December, according to Freddie Mac.

The volume of all mortgage loan applications declined 4.3% on a seasonally adjusted basis for the week ending Feb. 19, compared to the previous week, according to the Mortgage Bankers Association.

Economic data and corporate earnings reports released Tuesday make it easy to remember why the housing market is expected to be one of the economy's bright spots for years to come.

Mechanics Bank in Walnut Creek, Calif., has entered the residential mortgage market and hired a banker to lead the new loan group.

Purchases of new homes dropped more than forecast in January as contract signings slumped in the western U.S. by the most since May 2010.

The inventory of homes for sale in the U.S. declined in January, while home prices continue to rise, according to Zillow.

Meaningful rules encouraging Fannie and Freddie to do more with manufactured housing would allow more lenders into the market and make pricing more competitive.

Mitsubishi UFJ Financial Group is building a U.S. mortgage-bond trading team as tough lending conditions in Japan spur the nation's biggest bank to expand overseas.

Low- to moderate-income consumers and minorities face a difficult time when it comes to buying a home in New York, according to an affordable housing advocacy group.