Mortgages

The net proceeds will be used to pay down borrowings on a credit line secured by its mortgage servicing portfolio.

Strategies used to falsify identities and property ownership highlight a public assistance vulnerability that could have implications for the mortgage industry.

A national gauge of prices climbed 0.2% in November from October, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. That's slower than the 0.6% monthly gain in October.

Two Harbors, which also reported a gain in comprehensive income, recently completed an acquisition that made it the eighth largest conventional servicer.

Over 70 loans were allegedly sent to competitors by the independent mortgage banker, a suit filed by UWM alleges.

A potential buyer with a budget of $3,000 per month for their payments is now able to afford an approximately $453,000 home.

Senator Elizabeth Warren and three Democratic colleagues urged Federal Reserve Chair Jerome Powell to lower interest rates to help bring down housing costs ahead of the central bank's policy meeting this week.

In the wake of the Surfside condo collapse, Freddie Mac and Fannie Mae instituted stricter rules regarding the soundness of this crucial form of housing stock as it ages. In response to complaints about a lack of clarity on buildings deemed unfit for financing, the GSE unveiled plans to improve transparency for both homeowners associations and lenders. 

At the same time, the Hilltop Holdings unit expects its gain-on-sale margins to remain pressured in the coming year.

The National Association of Realtors' index of contract signings increased 8.3% to 77.3 after holding at a record low a month earlier, according to data out Friday.