Mortgages

JPMorgan Chase’s home lending unit is trying to position itself as the solution for millennials who increasingly want to buy their first homes despite rising prices and other affordability hurdles.

Atlantic Bay Mortgage Group has agreed to buy a majority stake in Virginia Community Bank in a rare instance of a nondepository mortgage company buying a bank, rather than the reverse.

In many corners of Southern California, home prices have hit record highs. And they keep going up.

Loan application volume increased 0.4% from one week earlier, according to the Mortgage Bankers Association, as rates fell to their lowest level in three weeks.

The housing market is stabilizing near 10-year highs, according to government data Wednesday that showed sales of new homes were slightly less than forecast.

The story of the Central Indiana housing market has remained remarkably consistent for several months: There are too few houses for sale and prices keep going up, up, up.

Binh Dang, the co-founder and former president of LendingQB, is seeking a court to force MeridianLink, the loan origination system's parent company, to dissolve.

The Salt Lake City company also benefited from increases in investment securities and several large loan recoveries during the quarter.

Policymakers should differentiate between housing finance-related issues of real importance to the greater public interest, and those that concern only special interests.

At midyear, fewer than 1% of the homes in Sarasota, Manatee and Charlotte counties were stuck in the foreclosure mill.

Sales of existing homes grew less than 1% in June in Wisconsin and the United States, held back by a short supply of houses for sale.

Steady price gains in 20 U.S. cities in May indicate that a tight supply of properties paired with increased demand is boosting home values.

The rate at which mortgages prepay has gotten a little higher the last two months, but it is lower than it was at the same time last year.

The momentum Chicago-area housing sales had earlier this year has faded.

The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses.

While Freddie Mac is moving cautiously into buying manufactured housing loans not secured by land, Fannie Mae is moving more aggressively. Industry representatives are divided on which approach is superior.

Issues with mortgages and debt collection are making up almost half of consumer complaints received by the CFPB. Here's a look at how these two most common complaints measure up nationwide.

Rather than working with large-scale investors, Freddie Mac said it will focus on assisting community organizations and local institutions to fund single-family properties for renters with special needs.

Double-digit growth in loan volume offset a decline in fee income at the Honolulu company.

Ocwen Financial finalized the deal to sell its interests in $110 billion of nonagency mortgage servicing rights to New Residential Investment Corp. for total consideration of $400 million.