Mortgages

A gauge of contracts to purchase previously owned homes unexpectedly declined in January to a more than three-year low, reflecting a shortage of inventories and rising mortgage rates.

Ocwen Financial Corp.'s acquisition of PHH Corp. will help the nonbank servicer rebuild scale that's been diminished by years of regulatory restrictions and the decline in distressed mortgage volume brought about by improvements in the overall housing market.

NMI Holdings' common stock sale puts the company in a stronger position for future fundraising efforts, such as a now-delayed debt offering.

Despite growth in both mortgage rates and home prices, housing demand kicked off 2018 with its strongest January on record, according to Redfin.

Higher levels of purchase activity even with rising interest rates drove the increase in mortgage applications compared with one week earlier.

El Paso's resale home prices hit a record high in 2017, new data show

The rise in Portland-area home prices slowed through 2017, new figures show.

Participants at the Structured Finance Industry Group conference in Las Vegas say that future deals could be linked to the performance of jumbo, as well as conforming loans.

From accelerating its subservicing transformation to overcoming regulatory obstacles, here's a look at three reasons behind Ocwen Financial Corp.'s $360 million acquisition of PHH Corp.

Acting commissioner Dana Wade said the agency is "vigilantly" watching whether it needs to take action on PACE assessments placed on mortgages after they are endorsed by the agency.

The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.

In a move designed to recruit and retain high-quality origination staff and fuel its expansion plans, USA Mortgage is turning over 100% control of the St. Louis-based nonbank lender to its workers through an employee stock ownership plan.

The Hispanic homeownership rate grew for the third straight year in 2017 and the number of homeowners in the demographic group is at an all-time high, despite ongoing concerns about immigration policy and the shortage of homes for sale.

Dallas-area home prices were up 6.9% in the latest national comparison.

The agency should resist renewed calls to lower insurance premiums. Doing so would increase demand and raise home prices, negating any proposed benefits.

Greenworks CEO Jessica Bailey said execution was good enough that it made economic sense; the company also wanted an early reading from rating agencies and investors.

Credit union executives talked up a pending regulatory relief effort while endorsing a radical shift in direction by the Consumer Financial Protection Bureau during a meeting with President Trump and other top White House officials on Monday.

Sales of new homes unexpectedly fell in January to the lowest level since August as borrowing costs rose and winter weather depressed demand.

Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors.

Home prices achieved a new peak in December while also marking 68 consecutive months in annual home price appreciation, according to Black Knight.