Mortgages

Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving housing starts to a faster-than-estimated rate, government figures showed Tuesday.

The $280 million securitization is also expected to boost capital levels and lower Dime's loan-to-deposit ratio.

New-home prices reached record levels in 2017, fueling homebuilder confidence to open several new communities next year.

The executive tasked with reshaping Wells Fargo's embattled retail banking unit will now also be responsible for mortgage, auto and student lending.

To succeed in an era of increasingly narrow margins and broad competition, mortgage lenders must be methodical about loan fulfillment and take a "less is more" approach to designing workflows.

Fannie Mae and Freddie Mac's final Duty to Serve plans are moving ahead with expanded support for manufactured housing through both single-family and multifamily programs, including controversial personal property loans.

In 2010, Florida was in the throes of an unprecedented housing crisis. One in every eight homes was in some stage of foreclosure. Today, the foreclosure rate is one in every 83.

PrimeLending is entering into an affiliated business arrangement with Dallas homebuilder Grand Homes that is expected to start producing loans in February.

Confidence among homebuilders jumped in December to the highest level since July 1999, exceeding all analyst estimates, as a growing economy boosts housing demand.

The 2-million-square-foot office complex in Tempe, Ariz., was acquired by JDM Partners and Transwestern Investment Group in a sale-and-leaseback agreement.

Mortgage lenders are bracing for big delays in the processing of mortgage applications, citing a problem with the income verification system at the Internal Revenue Service.

Guaranteed Rate Inc. is the latest mortgage industry investment for Boston-based private equity firm Thomas H. Lee Partners LP.

The Home Affordable Refinance Program recorded a 45% drop in volume in October from the previous year as it continunes to wind down, according to the Federal Housing Finance Agency.

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.

Mortgage industry hiring and new job appointments for the week ending Dec. 15.

The good news for Oahu homeowners is they likely will be able to get more for their houses if they were to sell them. The bad news is they'll likely see their property taxes go up next year.

Tampa Bay has seen two booms in house flipping — one in the mid 2000s, when prices appeared on a steadily upward trajectory and again from 2011 to 2014, when the market was flooded with cheap foreclosures.

Sonoma County's fire-ravaged housing market last month posted the most sales for November in 13 years, even as the median price rose slightly to a new record high.

PHH Mortgage was the first mortgage servicer to be fined by the New York Department of Financial Services for failing to maintain a "zombie" property.

The council is exploring legislation to collect around $492 million in delinquent real estate taxes that could aid the city’s school district.