Economy

California's Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing's mortgage license in California. The Atlanta servicer had failed for more than a year to provide its California regulator with requested information

Early signs point to a wave of Federal Housing Administration borrowers trying to tap into lower prices for mortgage backing.

Freddie Mac is selling $410 million of deeply delinquent U.S. home loans in its second sale of the debt.

Median home prices in the Chicago area beat their year-earlier comparison every month in 2014 but the same can't be said of home sales, which dropped in every month but one last year.

Paramount Realty Services, a New Jersey commercial real estate firm, is the new owner of LMS Commercial Real Estate's properties and will now manage the real estate firm.

The Dallas area had one of the biggest home price increases on record in 2014.

A new forecast from Freddie Mac suggests that mortgage rates will remain stable for the first two quarters of 2015.

Purchases of previously owned homes rose less than forecast in December as higher prices limited sales to first-time buyers.

The traditional method of measuring mortgage denials is fundamentally flawed. But by evaluating not just the quantity, but also the quality of mortgage applicants, the denial rate picture becomes more clear.

The consumer bureau and Maryland's AG allege the loan officers received consumer data and other services in return for business referrals.

Top housing economists don’t think an Oil Patch slowdown will result in a weaker national housing market.

Apartments were the hottest commercial properties in the Greater Seattle area last year, with buyers collectively spending more on such assets than on the higher-profile office buildings.

Mortgage rates declined for the third straight week, with lenders on average offering 3.63 percent on a 30-year fixed loan, Freddie Mac reported Thursday.

Mortgage rates near record lows, an improving job market and gradually easing credit standards will converge to make it the best year for home construction since 2007, say economists.

Home prices rose more than economists estimated in November, a sign job growth is helping to boost housing demand.

Freedom Mortgage will hire 500 additional employees to accommodate an anticipated increase in Federal Housing Administration refinance and purchase transactions.

Earnings at Discover Financial Services plunged by 33% in the fourth quarter, largely due to a charge tied to the firm's mortgage business and a previously announced revision to its flagship credit card program.

Hearing arguments in Texas case, Justice Scalia and others were skeptical that the controversial legal theory used in fair housing cases should be invalidated.

The pension fund sector owns hundreds of billions of dollars of mortgage securities. But MBS holdings are such a small percentage of their portfolios, pensions may not be aware of their heft in the industry.

Ocwen Financial Corp. named two new members to its board of directors as the nonbank servicer works to repair its image in the eyes of regulators and investors.