Mortgages

Something of a Santa Cruz, Calif., institution, the Darling House bed and breakfast was sold for nearly $2.78 million cash in a foreclosure auction on the steps of the Santa Cruz County courthouse Thursday.

Ocwen Financial Corp. is settling allegations by Alabama and Minnesota that it engaged in improper mortgage activities, bringing the total of states it has settled with to 17.

While the DFW home market is still good or even great compared to a lot of places around the nation, things have definitely cooled a bit from the last few years.

For buyers now house hunting in metro Toledo, Ohio, a word to the wise: Think very carefully about the offer you submit to a seller.

The District of Columbia transaction may have potential on a national level.

Fee income also surged as the San Francisco bank reached the $100 billion mark in wealth management assets.

Mortgage industry hiring and new job appointments for the week ending Oct. 13.

Wells Fargo took a surprise $1 billion charge in the third quarter for previously disclosed pre-crisis, mortgage-related regulatory investigations. It contributed to a 19% fall in profits.

JPMorgan Chase reported a rise in value of its mortgage servicing rights despite lower originations in this year's third quarter.

While the House disaster relief bill would provide $16 billion in debt relief for the National Flood Insurance Program, it does not include a Trump administration proposal to ban new construction in flood-prone areas.

It's a renter's market in New York, and after a year of being bombarded with landlord offers of gift cards and free months, apartment seekers are getting bored with all the perks.

HUD Secretary Ben Carson said he's held off making any decision on premium cuts until the confirmation of key appointments. "It has been a real ordeal getting people in place," he said.

While foreclosure activity is a whisper of what it was at the peak of the crisis six years ago, Shasta County, Calif., had the third-highest foreclosure rate in California in the third quarter of 2017.

Fannie Mae is putting more than $2 billion in reperforming loans up for bid and also marketing a smaller package of more than $1 billion in nonperforming loans.

U.S. foreclosure activity dropped to a low not seen since 2006, according to Attom Data Solutions.

Houston-area home sales bounced back in September after a double-digit decline in storm-battered August, when Hurricane Harvey flooding forced real estate offices to close and open houses to cancel.

Mortgage rates posted their biggest week-over-week increase since July and the 10-year Treasury yield also rose, according to Freddie Mac.

From recruitment strategies to leveraging technology without losing the personal touch, here's a look at four challenges and opportunities for the resurgent mortgage broker channel.

The Tennessee bank said it has bought Professional Mortgage in Greenville, S.C., which services about $1.1 billion of commercial mortgage loans for 23 correspondent life company lenders.

While the scale of destruction and suffering caused by Hurricanes Harvey and Irma is staggering, history suggests the local economy and housing markets in the affected areas will bounce back relatively quickly.