Economy

Home prices across the United States spiked 6.5% year-over-year in June 2015, including distressed sales, according to proprietary analytics provider CoreLogic.

Mortgage applications rose a seasonally adjusted 4.7% for the week ending July 31, compared to the previous week.

Freddie Mac's second-quarter single-family funding was the strongest it's been in a year, positioning the company to supplant the coming drop in refinancing with purchase mortgages.

An Astoria Financial investor is demanding that the Lake Success, N.Y., company explore a possible sale or other ways to increase shareholder value.

Ginnie Mae has updated the procedures manual used by the custodians of documents involved in mortgage-backed securities.

NorStates Bank has selected HomeBridge Financial Services to provide origination of residential mortgage loans.

United Guaranty Corp.'s second-quarter pretax operating income fell 25% from a year ago due to a less favorable adjustment to its loan loss reserves.

Freddie Mac will send $3.9 billion to the Treasury Department next month after reporting second-quarter net income of $4.2 billion.

LendingTree posted record revenue during the second quarter, leading the company to upwardly revise its full-year guidance.

Commercial real estate borrowing and lending continued at a strong clip in the second quarter, according to the Mortgage Bankers Association.

Banks are seeing stronger consumer demand for credit for a range of products, including residential mortgages, auto loans and credit cards, according to a Federal Reserve Board survey of senior loan officers released Monday.

Most real estate agents and home builders have heard about the new mortgage disclosures that take effect Oct. 1 but are light on the details, and many of the lenders they rely on lack sufficient understanding to help them.

Freddie Mac has launched its first securitization of small-balance loans on multifamily properties. The 44 mortgages backing the $108 million of SB1 Certificates are underwritten by Freddie Mac and originated by Greystone Servicing Corp.

CIT Group has completed its acquisition of OneWest Bank in Pasadena, Calif.

Goldman Sachs Group Inc. has agreed to pay around $270 million to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.

Investors Bancorp reported higher second-quarter profit on expanded multifamily, commercial real estate and business lending, as well as lower expenses.

AssetAvenue, a marketplace lender that specializes in commercial real estate finance, announced that it has hired Peter Coleman as its chief financial officer.

Ocwen Financial Corp. reported lower income year-over-year as servicing revenue fell steeply, despite the gains from the sale of nonperforming loans.

Wells Fargo is ending some marketing arrangements with real estate firms and home builders over concerns about regulatory scrutiny.

The Federal Housing Administration is expected to rebuff a government watchdog report that blasted down payment assistance programs. The report has raised concerns that mortgage lenders would have to indemnify FHA for past loans, and that housing finance agencies would have the programs restructured.