Economy

Richard Syron, the former chief executive officer of Freddie Mac, settled a Securities and Exchange Commission lawsuit claiming officials understated hundreds of billions of dollars in subprime loans held by the firm and Fannie Mae.

NMN's 9th Annual Mortgage Servicing Conference is coming up. Here are some of the can't-miss sessions and speakers on the agenda.

Wells Fargo & Co. and JPMorgan Chase & Co. posted their largest mortgage-lending gains in more than a year as the recovery in the market gains momentum.

Altisource Portfolio Solutions has raised the curtain on Residential Investor One, a new cooperative aimed at providing savings and services for real estate investors.

Zillow Group Inc. dropped after giving a 2015 revenue forecast that fell short, blaming delays in regulatory approval for its purchase of rival real estate website Trulia Inc.

More banks are buying mortgage servicing rights now, reversing a post-crisis shift that saw nonbanks dominate the MSR purchasing landscape, according to Fitch Ratings.

Sound Financial Bancorp in Seattle has selected a former Fannie Mae executive to join its board.

Wells Fargo posted profit that beat analysts' estimates as lower interest rates spurred more borrowers to purchase homes or refinance debt.

Builders FirstSource rose the most on record after saying it agreed to buy competitor ProBuild Holdings in a deal valued at $1.63 billion.

Blackstone Group cemented its position as the world's biggest private-equity investor in real estate with a global buying spree that includes General Electric Co. assets and a California-based shopping-center owner.

Two House Financial Services subcommittee chairmen are urging the Consumer Financial Protection Bureau to delay enforcement of a new disclosure regime due to take effect this summer until Jan. 1.

Continued economic expansion should lift much of the real estate industry nationwide over the next three years, though single-family housing may miss out on these same levels of growth.

Blackstone Group and Wells Fargo are nearing a deal to buy a real estate portfolio from General Electric worth as much as $30 billion, according to a person with knowledge of the matter.

First Horizon has agreed to pay $212.5 million to settle claims tied to the Memphis, Tenn., company's past underwriting and origination of certain loans.

Fannie Mae has released details of its first bulk sale of nonperforming loans, just one day after announcing its plans to go ahead with these transactions.

The Wizarding World of Harry Potter at the Universal Orlando Resort seems a world away from the nearby Florida neighborhood nicknamed "Crime Hills." But magic is spreading.

A group of community lenders is calling on the Treasury Department to establish reserves to capitalize a new cash window in case Fannie Mae and Freddie Mac are dismantled.

Mortgage rates fell to their lowest level in two months, decreasing borrowing costs after a weak March employment report.

Nomura Holdings Inc. and Royal Bank of Scotland Group's fight against a billion-dollar government lawsuit over mortgage-backed securities is ending where it started: with the banks blaming the housing crash.

The Texas Department of Housing and Community Affairs awarded contracts to Matt Martin Real Estate Management and Waterman Steele Real Estate Advisors to help the state agency handle its real estate portfolio.