Economy

Resigned to the fact that purchase volume is unlikely to make up for any decline in refinancing, Stonegate Mortgage is focused on improving efficiency to increase loan profits over trying to grow loan volume.

A case study of two ZIP codes confirms what people have thought for years: younger professionals have helped revitalize once-neglected, inner-city neighborhoods.

National home prices, including those of distressed properties, increased 6.8% this past April from where they stood a year before.

Citadel Servicing Corp., a California-based nonbank wholesale mortgage lender and servicer, has rolled out a subprime second trust deed loan program.

The delinquency rate for commercial and multifamily mortgages improved in the first quarter for most categories of investor, on higher property income, rising property values and a strong finance market.

The price of loans that underlie commercial mortgage-backed securities fell slightly from March to April, according to a market research firm.

The merger of the Federal Home Loan Banks in Des Moines and Seattle became official on Monday, shrinking the overall number of banks in the system to 11.

The New York City Housing Development Corp. expects in June to price its inaugural sustainable neighborhood bonds transaction — a first nationally, say officials.

Constraints on GSE loan volume and an overall dearth of liquidity were among the biggest issues at hand during the Mortgage Bankers Association's Secondary Market Conference in New York. Here's a recap of the event.

As the Hispanic population in the United States soars, the number of Hispanic households unable to afford to buy a home is also growing, a new report from The Demand Institute found.

There could be a new wave of delinquencies among home equity line of credit borrowers as a large percentage are moving into the repayment phase, a report from Experian said.

There's a workaround for lenders to issue pre-approvals without triggering the three-day window for delivering the new Loan Estimate disclosure.

New servicing standards issued by the government-sponsored enterprises are unlikely to pose a hurdle for the biggest nonbank players in the market, but small servicers could find it more challenging.

More Americans than forecast signed contracts to purchase previously owned homes in April, indicating a pickup in the housing market during the busy spring selling period.

Mortgage rates climbed, lifting borrowing costs for homebuyers to the highest for 2015.

Ocwen Financial will close a call center in Houston as the mortgage servicer continues to downsize.

Take this with a large dose of salt, but an online survey by credit agency Experian shows the benefits of, you guessed it, credit reports.

Freddie Mac auctioned off 1,052 delinquent nonperforming loans serviced by Ocwen on May 21 as part of its Standard Pool Offerings.

Freddie Mac's monthly Multi-Indicator Market Index showed almost 80% of the top 100 housing markets in the country continued to improve in March from February.

The lesbian, gay, bisexual and transgender community overwhelmingly views homeownership as a strong investment, although worries of housing discrimination persist, according to a new study.