Economy

Mortgage servicer PHH Corp. posted a net loss in the fourth quarter, as its mortgage production and servicing segments both struggled as the year ended.

Home sales in January were lower than a year earlier due to tight inventory and higher home prices, according to Re/Max.

Foreclosures and delinquencies may seem like problems from the past, but servicers are still struggling with a massive backlog of distressed loans and a return to normalcy is at least two years away, if not longer.

As a deep freeze grips parts of America in a typically slow season for housing, first-time buyers are flocking to Redfin Corp.'s property tours and classes, signaling their renewed interest in the market.

The housing boom rolling across central Philadelphia showed no signs of weakening last year, but a population exodus could be on the near horizon if little is done to fix the city's schools and tax structure.

Rent prices continue to surge like a red tide in the Tampa Bay area — something few welcome.

Donald Klepper-Smith, chief economist and director of research for New Haven, Conn.-based DataCore Partners, cautioned against reading too much into the decline in home sales when comparing 2014 to 2013.

Builders broke ground on fewer residential construction projects in January as demand for single-family homes cooled from an almost seven-year high, signaling the rebound in housing remains uneven.

Mortgage loan application volume dropped sharply for the period ending Feb. 13 as mortgage rates rose to their highest level since the beginning of the year.

Chicago's Federal Home Loan Bank has given Forward Community Investments, a Wisconsin nonprofit, a loan to support the organization's community development endeavors.

Approximately two-thirds of foreign homebuyers during 2014 paid cash for their property.

Zillow Inc. completed its acquisition of rival real estate website Trulia Inc. and announced 350 job cuts as the combined company works to integrate operations.

The North Texas region has been a hub for mortgage servicing for decades, dating back to the oil bust and savings and loan crisis of the 1980s. Today, some key players and many smaller ones remain firmly entrenched in the area.

Zillow Inc.'s quarterly revenue topped estimates and the online real estate marketplace said it anticipates its acquisition of Trulia Inc. will close as early as Tuesday.

One of the culprits in the building and bursting of the nation's housing bubble, the low-down-payment mortgage, is back in favor and readily available at a lender near you.

The Metro Orlando housing market experienced its seasonal cooling-down period in January, with prices and sales down from the previous month.

Leading economic indicators are favorable for a continued improvement in both the economy as a whole and the housing industry, and many midtier lenders will find their companies operating at a disadvantage when compared to larger firms that are approved to sell their production directly to the industry's largest investors.

Confidence among homebuilders decreased in February to the lowest level in four months as winter weather prevented some prospective buyers from touring new developments.

Lenders including Bank of America Corp. and Citigroup Inc. are accelerating their sales of soured U.S. mortgages as investment firms compete to buy the debt.

Lenders are seeing higher demand for homes but are expecting only modest growth in sales this year due to the limited housing stock.