Industries

Bank of America is offering $1.2 billion of mostly delinquent home loans, extending a series of sales by lenders seeking to pare holdings and meet demand by investment firms for soured mortgages.

Stonegate Mortgage reported a large increase in second-quarter profit on higher originations and a larger servicing portfolio.

NMI Holdings Inc., the parent company of National Mortgage Insurance, lost $10.4 million in the second quarter, compared with a $12.9 million loss one year prior.

Interest rates on fixed-rate mortgage loans fell for the third consecutive week, according to Freddie Mac.

With purchase mortgages poised to supplant an expected drop in refinancing, here's a look at the 10 markets with the biggest year-over-year pickup in home sales.

Former Wilmington Trust President Robert V.A. Harra was indicted on U.S. charges that he lied to regulators as part of a scheme to hide bad real estate loans

Carrington Mortgage Services said it has helped more than 10,000 consumers, in its campaign to serve underbanked borrowers, originating more than $1.8 billion of loans.

delinquencies, CMBS, commercial mortgage-backed securities,Trepp

Prospective borrowers for single-family homes will be required to make a minimum down payment of 15% of the purchase price, down from 20%. The borrower must have a minimum FICO score of 680, down from 740.

Stark Enterprises, a commercial real estate developer in Cleveland, has formed a capital-markets division to provide equity and debt financing and related services.

Home prices across the United States spiked 6.5% year-over-year in June 2015, including distressed sales, according to proprietary analytics provider CoreLogic.

Mortgage applications rose a seasonally adjusted 4.7% for the week ending July 31, compared to the previous week.

An Astoria Financial investor is demanding that the Lake Success, N.Y., company explore a possible sale or other ways to increase shareholder value.

NorStates Bank has selected HomeBridge Financial Services to provide origination of residential mortgage loans.

LendingTree posted record revenue during the second quarter, leading the company to upwardly revise its full-year guidance.

Commercial real estate borrowing and lending continued at a strong clip in the second quarter, according to the Mortgage Bankers Association.

Banks are seeing stronger consumer demand for credit for a range of products, including residential mortgages, auto loans and credit cards, according to a Federal Reserve Board survey of senior loan officers released Monday.

Most real estate agents and home builders have heard about the new mortgage disclosures that take effect Oct. 1 but are light on the details, and many of the lenders they rely on lack sufficient understanding to help them.

Freddie Mac has launched its first securitization of small-balance loans on multifamily properties. The 44 mortgages backing the $108 million of SB1 Certificates are underwritten by Freddie Mac and originated by Greystone Servicing Corp.

CIT Group has completed its acquisition of OneWest Bank in Pasadena, Calif.