Foreclosures

The Department of Housing and Urban Development will provide $40 million in grant money to organizations that provide counseling to prospective homebuyers.

The decision in Yvanova v. New Century Mortgage Corp. has the potential to radically increase the number of lawsuits brought by borrowers, particularly on loans that were pooled into securitized trusts.

Lenders are still holding on to scores of delinquent mortgages that date to the real estate crash, but a surge in home values across the country is motivating them to move the most troublesome loans off their books more quickly.

Residential mortgage delinquencies dropped in the fourth quarter, as employment numbers improve and housing prices increase, according to the Mortgage Bankers Association.

At the onset of the millennium, house flippers — people who purchased imperfect homes, renovated them and resold them at a profit mere months later — ran rampant in U.S. housing markets.

Mortgage delinquency levels fell about 30% last year, even as borrowers received more credit, according to TransUnion.

Atlantic City, N.J., has the fifth worst vacancy rate in the U.S, according to RealtyTrac.

The financial crisis turned a lot of Americans into renters, because they couldn’t keep paying their mortgage, or because high unemployment and stagnant wages in the ensuing years forced them to put off homeownership.

Arch's mortgage insurance unit saw an increase of over 1,000% in fourth-quarter underwriting income due to a significant decline in losses and loss-adjustment expenses.

U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.