Investments

Bank of America's first-mortgage production dropped almost 26% year-over-year in the fourth quarter of 2018, but it experienced a less severe 10% decline in home equity lending during the same period.

Wells Fargo and JPMorgan Chase had reduced mortgage-related earnings in the fourth quarter as home loan activity continues to fall short of expectations.

Citigroup's residential mortgage originations declined 23% and its home-loan revenue dropped by 35% year-over-year in the fourth quarter of 2018, as the company continued to distance itself from home loans.

Lennar Corp., the first big homebuilder to report in this earnings cycle, surged after its chairman said buyer traffic improved in December as mortgage rates declined.

Older millennials and younger Generation Xers still feel the aftershock of the housing crisis, as more would rather invest in the stock market than real estate, according to Redfin.

Freddie Mac completed its first multifamily credit risk transfer transaction that used an insurance/reinsurance structure.

Manhattan home prices fell in the fourth quarter, with the median slipping to less than $1 million for the first time in three years, as ample inventory continued to allow buyers to demand sweeter deals.

Rising mortgage rates are helping decelerate home price growth, which is expected to slow further during the coming year, according to CoreLogic. Consumer uncertainty in the economy due to stock market declines may also weaken house values.

The single-family rental market could benefit from more consistent loan terms and expanded secondary mortgage market opportunities, Freddie Mac found in a preliminary test of expanded involvement in the sector.

Dividing the transaction into two tranches allowed the GSE to tailor the transaction to the risk appetite of participants, lowering the cost of reinsurance.

D.R. Horton Inc. is planning to buy Terramor Homes' building operations for $60 million in cash, expanding the potential customer base for the larger company's in-house lending unit.

Ditech Holding Corp. is proposing to pay $257,000 and improve governance to settle a stockholder lawsuit alleging that a lack of oversight allowed improprieties to occur in several mortgage-related business lines.

New Penn Financial will change its name to NewRez at the start of 2019, reflecting its acquisition earlier this year by New Residential Investment Corp.

Consolidation is coming in the mortgage industry, but a protracted timetable will continue to constrict industry profits.

Toll Brothers Inc. reported its first drop in orders since 2014, led by a big falloff in California demand, a sign that high-end property markets are cooling. Shares slumped.

Private-label residential mortgage-backed securitization is approaching a post-crisis high, according to Kroll Bond Rating Agency.

Altisource Portfolio Solutions plans to discontinue its buy-renovate-lease-sell business for single-family homes and sell its short-term inventory in order to cut costs and repay debt.

A U.S. regulator's plan to boost capital in the mortgage-finance giants won't work unless investors get "compensated" for the billions of dollars the government has collected from the companies in recent years, one shareholder said.

A reduction in Ditech Holdings' quarterly net loss fell short of what the company needed to avoid the possibility of another Chapter 11 filing.

D.R. Horton Inc. fell the most in more than three years after executives at the builder said the market for homes is getting "choppy" and that the pace of order growth may slow next quarter.