Mortgages

Millennial credit scores are lower than when Generation X consumers were coming of age, reflecting changes in credit consumption and other consumer behaviors.

Wells Fargo forced borrowers to pay millions of dollars in fees to extend interest rate locks that expired due to the bank's delays in processing mortgage applications, a lawsuit claims.

The agency will charge higher upfront premiums for most Home Equity Conversion Mortgage borrowers while lowering the annual premium.

Mortgage companies' average net gain on loans has returned to the four-digit range after dropping into the low three-digits after the federal election last year.

As Downtown Boise's popularity as a residential neighborhood grows, housing prices are climbing beyond the affordable range for many people who want to live there.

Toledo is near the bottom of a list of the 300 best and worst real estate markets for 2017, but it is in the top 10 markets where people can buy the most home for the buck, two conflicting reports show.

Steady growth in home prices in 20 U.S. cities in June reflects a limited number of available houses for sale, according to S&P CoreLogic Case-Shiller data.

From San Francisco to Jackson, Miss., here's a look at the 12 cities where home sales are expected to be the weakest during the third quarter of 2017.

If mortgage rates rise slowly as the economy continues to grow, the impact from the Fed’s unwind on housing likely will result in a decline in refinancing activity.

The massive flooding in Texas is sure to put pressure on lawmakers to resolve differences over the National Flood Insurance Program, but a short-term extension of the program is still the most likely scenario.

The average home value backing the loans is $117,000, well below the average $150,000 of other recent RPL securitizations, according to Fitch Ratings.

U.S. home prices reached a new record high in June, with values increasing 5.5% since the beginning of the year, according to Black Knight Financial Services.

Fannie Mae and Freddie Mac will adjust their risk-sharing deals so that they can accommodate high loan-to-value loans refinanced under the programs replacing the Home Affordable Refinance Program.

Homeowners are eager to hold onto the ultra-low mortgage interest rates they were able to get after the crash, and they are leery about taking a chance on a move.

The New York State Department of Financial Services hasn't issued a single penalty against a bank or mortgage provider for failure to maintain and secure a property more than a year after the law requiring this upkeep was signed and eight months after it went into effect.

A midyear report says the average vacancy rate across the Twin Cities metro during the second quarter was just 2.4%, down slightly from last year and the previous quarter.

With Hurricane Harvey rapidly making its way toward the Texas coast, lenders and servicers have activated business continuity plans to accommodate pending transactions and provide options and support to existing borrowers affected by the storm.

Signs are mounting that rising home values are starting to close the door for more Americans, threatening to temper the momentum in residential real estate.

Rosemary Romero maintains the community garden at the entrance to Casa Linda, a 125-home subdivision in the center of town with entry off Cerrillos Road via Monterey Drive. It's a lovely neighborhood, she says, but is being damaged from the inside out.

Sales of existing luxury condos (priced over $1 million) in Miami-Dade jumped 51.1% year-over-year in July.