Housing

Sales of previously owned homes rebounded in September to the second-highest level since February 2007.

Home prices rose in August as low borrowing costs and sustained job growth fueled demand amid a tight inventory of properties on the market.

The volume of loans closed in a Department of Housing and Urban Development program for seniors housing declined over the past 12 months.

An increasing number of renters are considering whether to purchase a home, according to a TD Bank survey.

Refinancings as a portion of the total origination market rose slightly from August to September, according to Ellie Mae.

Both forecasts call for growth in home purchase volume over the next few years, but the decline in refinance originations will be so steep that overall origination volume will decrease.

Mortgage default rates decreased in September, pushing the composite rate down seven basis points to 0.89%, according to the S&P/Experian Consumer Credit Default Indices.

Private mortgage insurers are seeking a larger share of the credit risk on Fannie Mae and Freddie Mac-guaranteed loans.

Home prices rose at a slow pace from July to August, after experiencing a sharp decline in the previous month, according to FNC.

David H. Stevens, the Mortgage Bankers Association's president, pledged to "shine an aggressive spotlight on abusive enforcement" at the trade group's annual gathering, specifically calling out the Department of Justice.

New-home construction in the U.S. climbed in September, a sign residential real estate will bolster the world's largest economy.

The White House is pushing back on suggestions that it will cut a deal to recapitalize Fannie Mae and Freddie Mac before the end of President Obama’s term, putting the pressure back on Congress for a solution.

Xome, a Nationstar Mortgage Holdings effort to automate the home-buying process, has launched a notary mobile app.

Confidence among homebuilders climbed in October to a 10-year high, a sign demand for housing may remain solid in the months to come.

Single-family home market values nationwide are expected to rise 3.6% in the coming year, according to Veros Real Estate Solutions, which said this is one of the best forecasts in almost two years.

The Consumer Financial Protection Bureau backed off some of its initial plans in its final rule requiring lenders to collect more data from mortgage borrowers, but industry representatives warned the agency had not gone far enough.

WASHINGTON — The Consumer Financial Protection Bureau finalized a rule Thursday that requires lenders to collect more information from borrowers as part of mortgage disclosures.

Executives in the mortgage industry must "take a page from the real estate community" and be more active in Washington and their state capitals, said outgoing Mortgage Bankers Association Chairman Bill Cosgrove.

Ellie Mae has agreed to purchase St. Louis-based Mortgage Returns, which provides customer-relationship management services.

Mortgage banking represented one weak spot in Wells Fargo's third-quarter results and company officials said that would likely be the case in the fourth quarter.