Industries

The company sued the former director over the debt, which disqualified him from board service.

The Columbus, Ga., bank reported higher fourth-quarter profit on growth in business loans and mortgage banking.

To meet a 20% down payment, homebuyers on average have to spend more than two-thirds of the average annual income, according to a report from Zillow.

The Federal Housing Administration program could see a $50 billion increase in single-family loan endorsements this year if a planned 25-basis-point annual premium cut goes into effect on Jan. 27.

The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.

Higher interest rates will add stress for millennials looking to buy a home, according to an analysis from Fitch Ratings.

Bank of America Corp.'s fourth-quarter mortgage revenue almost doubled to $519 million from a year earlier.

Banks have started reconsidering how much they are willing to pay for low-income housing tax credits as expectations of a Trump tax cut surge, slowing down some projects already and threatening developers with heavier financing burdens.

PNC's fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.

Wells Fargo, which lost its status as the world's most valuable lender after a scandal in its retail bank, said profit dropped 5.4% as revenue from its mortgage business declined.

Housing and Urban Development Secretary-designate Ben Carson is open to finding alternatives to the 30-year fixed-rate mortgage, but believes there must be some government backstop to the housing market.

Homebuyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that's historically been seen as a refuge from Manhattan's high costs.

Housing is not in a bubble even though home prices are unlikely to decline in the next two years, according to a new report from Arch MI.

HUD Secretary-designate Ben Carson is all but certain to get confirmed to his post — unless he makes a major mistake during his confirmation hearing. Given his lackluster performance during the GOP presidential debates last year, some wonder if that's a possibility.

Homeowners in predominantly black and Hispanic neighborhoods are more likely than their counterparts in predominantly white neighborhoods to be underwater on their mortgages, according to a report from Zillow.

A Trulia analysis of U.S. listings shows that 3.9% of homes that moved from for-sale to pending moved back to for-sale again, nearly double the rate in 2015.

A unit of M&T Bank in Buffalo, N.Y., has bought certain operations of Philadelphia mortgage firm Carey, Kramer, Pettit, Panichelli & Associates.

Refinance volume rose among millennial borrowers in November, reflecting a nationwide trend, according to Ellie Mae.

Through Motto Mortgage, Remax is looking to give its smaller franchisees the same ability to offer one-stop shopping to homebuyers as larger operators, in a way that will not raise red flags for regulators.

Mortgage brokers and their wholesale partners have seen a slow increase in their market share since the start of the housing recovery. Remax's Motto Mortgage franchise business could accelerate growth faster than the channel's advocates hope for.