Mortgages

A Denver-based real estate company specializing in affordable multiunit family and senior housing has bought several low-income or senior housing units in central Maine for $21 million and expects to renovate the properties.

Tupelo, Miss., Mayor Jason Shelton is outlining his administration's goals and methods as it ramps up a fresh focus on blight removal across the city's residential areas.

Mortgage application volume increased 3% from one week earlier as slightly lower interest rates resulted in more refinance activity, according to the Mortgage Bankers Association.

Home shoppers may soon have a chance to snag an Upper Arlington, Ohio, mansion for about half its value.

PHH Corp. lost $46 million in the second quarter as it continues efforts to exit mortgage origination and servicing and instead focus on subservicing.

Homeowners continue to view their property value higher than appraisers do, while homeowners in areas experiencing rapid growth may be more likely to underestimate their home's worth.

People 55 and older own 53% of U.S. owner-occupied houses, the biggest share since the government started collecting data in 1900.

Low-down-payment purchases are on the rise, but not necessarily with the same pre-crisis practices and risk factors.

Resolute Forest Products is confident that U.S. import duties on softwood lumber won’t impact its future earnings because the Canadian company expects to be reimbursed for the levies paid.

PHH Corp. will pay the Justice Department $75 million to settle a False Claims Act investigation of its underwriting practices on government-insured mortgages and loans sold to Fannie Mae and Freddie Mac.

For the first time ever, the median King County, Wash., home price has grown more than $100,000 in just a year, a new grim milestone for buyers already dealing with the hottest housing market in the country.

Twenty years ago, Texas became the last state in the union to legalize the home equity loan, allowing people for the first time to use their own homes as collateral.

The year opened with hopes that regulatory and enforcement pressures would abate for the mortgage industry. The reality has turned out quite differently.

From funding sources to home prices, here's a look at five questions lenders must ask themselves before they can safely originate 1% down mortgages.

The percentage of people who said July was a bad time to buy a home increased to a survey high because of rising prices, according to Fannie Mae.

Foreclosure actions on Cape Cod are showing their first decrease in four years, aided by a red-hot housing market that's making it easier for distressed homeowners to offload their property before losing it to the bank.

In June 2007, the Orange County, Calif., median home selling price hit $645,000 — a high point near the end of that era's crazy, risky lending and home buying insanity. In less than two years, a violent downturn slashed the typical local home's value almost in half.

Essent Group reported second-quarter net income of $72.1 million, an improvement from the $52.3 million of the same period last year.

The nonbank mortgage sector had its largest one-month employment gain in a year, as independent mortgage bankers and brokers enjoyed stronger-than-expected originations during the second quarter.

Wells Fargo & Co. settled an 11-year-old lawsuit with the U.S. government that claimed the lender overcharged veterans under a federal mortgage-refinancing program.