Mortgages

After trusting a local developer, some living at The Legends subdivision in Old Orchard Beach, Maine, watched in horror as the homes they occupied for years — but hadn't yet closed on — were sold at auction. And that was just the latest shocking twist.

Mortgage debt hit an all-time high, but the share of homeowners with financing has fallen to a low not seen in 13 years, according to the Urban Institute.

Capacity, formerly Jane.ai, originally designed its chatbot to answer consumers' questions, but when employees started using it, that gave the startup an idea for a new business line.

Santander Bank's U.S. unit will be eliminating 80 mortgage-related positions as it withdraws from the third-party origination sales channel and refocuses on producing home loans through its branch network.

Sales of previously owned homes increased in July to a five-month high, underscoring stability in the residential real estate market that may be starting to get a boost from falling borrowing costs.

Wealthy buyers are pulling back from some of the most expensive housing markets in the U.S., the latest sign that sky-high prices and fears of a recession are weighing on a key sector of the economy.

Trustees are concerned about obtaining proper consents from legacy residential mortgage-backed securities investors in a timely fashion in order to make the switch from Libor to another index, Fitch Ratings said.

Mortgage application volume fell last week as the small drop in interest rates slowed refinancing activity, while economic worries likely kept purchasers out of the market, according to the Mortgage Bankers Association.

Last year, the battle for the bid, the guerrilla warfare over the Lehigh Valley's dwindling supply of middle-priced homes, was a public spectacle.

A healthy gain in home sales in the Twin Cities metro last month helped push prices to a new high.

After two disastrous fire seasons, California officials have been besieged by homeowners in fire-prone areas complaining that their insurance premiums are skyrocketing or their plans are suddenly being dropped.

Here's a look at 12 of the nation's most affordable housing markets, based on the lowest shares of median local income needed to buy a house in the area, according to Redfin.

July's existing-home sales lived up to their potential after falling short the previous month, but that potential remains limited because tenure continues to increase, according to First American.

Freddie Mac is automating a manual form submission process used to correct post-settlement and real estate owned data, and adding policy changes aimed at accommodating electronic signatures on loss mitigation documents.

Albuquerque, N.M., home prices dipped slightly last month, but still maintained their torrid rate of growth over the past year.

Attracted by a growing housing demand caused by the burgeoning senior citizen population in South Florida, a Houston-based developer is staking out Fort Lauderdale and Coral Gables as locations for multiple elder communities in the region.

Even before Amazon.com Inc. completes its Northern Virginia office hub, the e-commerce giant has helped make the area the most competitive housing market in the U.S.

The Mortgage Industry Standards Maintenance Organization is working with stakeholders to come up with a common means of handling new tax transcript authorization requirements in the Taxpayers First Act.

Wide short-term swings in interest rates — and loan prepayments — that we've all witnessed have serious secondary effects on consumers, lenders, investors and also policymakers.

Better.com has added new capital to support its growth and, in a separate deal, New Residential has agreed to use some its funds to buy property management firm DGG RE Investments.