Industries

GuardHill Financial Corp. CEO Alan Rosenbaum has recruited veteran New York City mortgage originator—and former competitor—Melissa Cohn to bring an under-the-radar lender out of the shadows.

The Senate approved a bill late Tuesday that would retroactively extend over 50 expiring tax provisions for one years, including one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale.

The Russian ruble is in freefall — it's down more than 50% since January — and interest rates are climbing on the back of the Bank of Russia's aggressive efforts to shore up the embattled currency.

The housing market will resume its recovery in 2015 after a "disappointing" year as sales accelerate, construction increases and mortgage credit eases.

George Engelke Jr., former chairman, president, and chief executive of the Astoria Financial in Lake Success, N.Y., has died.

The amount of commercial and multifamily mortgage debt outstanding rose to a record high in the third quarter, according to the Mortgage Bankers Association.

Nicholas Schorsch, American Realty Capital Properties Inc.'s former executive chairman, is walking away from a compensation package valued at about $100 million, company filings show.

New-home construction exceeded a 1 million annualized pace in November for a third consecutive month, continuing a slow recovery in the housing market.

Treasury Secretary Jacob Lew's decision to give more help to homeowners who have already gotten mortgage assistance has sparked opposition from Republicans aiming to end President Obama's foreclosure prevention program.

Confidence among homebuilders hovered in December close to a nine-year high, indicating the residential real estate recovery continues to make progress.

Commercial mortgage-backed securities risk as measured by an index of underwriting and macroeconomic variables is up 11 points from 2013. That's still below its 2007 level, a researcher noted Thursday.

Here are three ideas that can be implemented between now and Jan. 2 to get your business in 2015 off to a flying start.

A recent study found that homeowners who choose not to refinance lose out on tens of thousands of dollars in savings.

The first listed Australian landlord of U.S. housing is hunting for rundown properties in the New York City area as prices hit new highs.

Mortgage lending, particularly for bigger banks, cooled some in October as home buying season ended. Meanwhile, loan pricing deteriorated again, showing that lenders are still cutting rates to land the best credits.

Consumers were more optimistic about their ability to buy a home in November compared to the previous month, according to Fannie Mae.

Lereta, a real estate tax firm in Covina, Calif., has acquired Industry Consulting Group, a property tax services company with offices in Dallas and Wichita Falls, Texas.

Historically, net worth has been the primary, if not sole, criteria used by lenders in segmenting mortgage customers.

Renters figure to stay renters, at least for the next three years, according to a new report by Freddie Mac.

Fannie said it will immediately begin accepting applications for fixed-rate 97% loan-to-value financing of borrowers with FICO scores as low as 620. Freddie, meanwhile, took a more cautious approach, delaying the start of the program, requiring credit counseling, and in some cases only allowing FICO scores as low as 660.