Foreclosures

Secretary of Housing and Urban Development Ben Carson appeared not to recognize a commonly known real estate term during a congressional hearing on Tuesday.

The distressed mortgage market continues to dry up, with delinquencies shriveling to a record low rate and foreclosure filings dropping annually for 10 consecutive months.

The rise in home prices in North Texas has pushed home foreclosure rates to some of the lowest levels ever recorded.

An institution that services housing finance authority loans is putting $2.65 billion in servicing rights from Washington state up for bid through the Mortgage Industry Advisory Corp.

Mortgage activity plunged before the start of the year, but subprime originations dropped the least, according to TransUnion. Despite dwindling volume, borrower delinquency rates hit historic lows in the first quarter.

Strong levels of employment and continued economic expansion drove February's mortgage delinquencies and foreclosures to 20-year lows, according to CoreLogic.

Even though mortgage delinquencies increased on a quarter-to-quarter basis, strong overall metrics mitigate any concerns regarding future loan performance, according to the Mortgage Bankers Association.

As home price appreciation levels off, the amount of underwater loans rose in the first quarter while equity-rich properties continued adding value, according to Attom Data Solutions.

With nearly $90 million added in the past two months, Goldman Sachs marched closer to its $1.8 billion consumer-relief mortgage settlement with the U.S. Department of Justice.

Having poor credit doesn't necessarily keep someone looking to become a mortgage broker from obtaining a surety bond, but it can complicate matters.

Commercial mortgages placed into special servicing grew last year, but default and foreclosure dollar volume fell as legacy loan resolutions outpaced newly distressed loans, according to Fitch Ratings.

Plenty of homeowners succumbed to foreclosure when the housing bubble burst, but the effects on Hispanic and black communities in particular were heightened, with many still suffering, according to Zillow.

Mortgage prepayments came gushing in at the start of the spring home buying season as delinquencies also improved, according to Black Knight.

Homeowners in Chicago cheated by a mortgage fraud scheme are seeking to form a committee to protect their interests in the bankruptcy of Ditech Holding Corp., the company that owns their loans.

Destiny USA, one of the largest malls in the nation, is struggling to pay its mortgage, according to a published report.

The civil rights activist Jesse Jackson is pushing a proposal that the billions banks have paid in fines be given to Americans who lost homes or suffered in other ways during the financial crisis.

As the dangers of global warming lead to heightened natural disasters, those disasters result, at least temporarily, in a higher amount of mortgage defaults. From Texas to the nation's capital, these are the 12 most hazard-prone housing markets, according to Redfin.

Caliber Home Loans settled a grievance with the Massachusetts attorney general over allegations of providing distressed borrowers with unaffordable loan modifications.

The number of properties with foreclosure filings dropped to the lowest quarterly amount since the Great Recession, according to Attom Data Solutions.

An uncertain future confronts the development, which is located in the North San Pedro Square area of San Jose and was proposed by Z & L Properties.