Housing

Loan modifications declined 18% during the third quarter to 337,000, a sign of an improving market, according to Hope Now.

HomeUnion has formed a mortgage-brokerage division that will focus on investors in single-family rental homes.

Kal Raman has resigned as president and chief executive of Xome, the digital platform of the nonbank mortgage servicer Nationstar Mortgage Holdings.

Home prices rose slightly in September, posting year-over-year growth of 5.5%, according to Black Knight Financial Services.

As affordability worsens near city centers, first-time homebuyers will move to the suburbs in greater numbers, according to 2016 predictions from Zillow.

Contract signings to purchase previously owned homes rose less than forecast in October after declining in the prior two months, showing residential real estate is cooling heading into the quieter selling season.

Freddie Mac's Multi-Indicator Market Index is pursuing its slow climb, but still shows housing recovering unevenly across the nation.

Mortgage rates remained steady during the week ending Nov. 25, according to Freddie Mac's Primary Mortgage Market Survey.

The percentage of mortgage applications with defects declined in October, according to First American Financial Corp.

Purchases of new homes rebounded in October from a 14-month low and order backlogs reached an eight-year high, indicating a pickup in residential construction.