Mortgages

A decade after the summer of '07, when Orlando real estate began a years-long crash, median home prices have not returned to their high but continued to rise incrementally.

Wage gains have fallen far behind skyrocketing costs for housing, a gap that's emerged despite a robust job market in recent years, according to an unsettling report released Monday.

Nearly 10% of Walter Investment Management Corp.'s employees will lose their jobs after it closes Ditech's Irving, Texas, office, a notice filed with the Texas Workforce Commission said.

The Department of Housing and Urban Development is implementing reforms to its reverse mortgage program and providing more counseling resources for seniors who are considering the product, Secretary Ben Carson said Monday.

Walter Investment Management Corp.'s share price has fallen below a threshold required by the New York Stock Exchange, but the exchange will give the company time to rectify the situation.

Total bonuses paid to assistants, processors, closers and managers have been rising as lender retention and merger activity have heated up.

Summit County, Ohio, is cracking down on Gary Thomas by initiating foreclosure proceedings against 22 companies they say he and associates use to control 73 properties with a collective bill of $756,298 in back taxes and fees.

Loan application activity for the purchase of newly constructed homes decreased 4% in June from the previous month, according to the Mortgage Bankers Association.

Canadian home sales fell 6.7% in June from the previous month, led by a 15.1% decline in transactions in the once-surging market of Toronto.

When Suna and Robert Shaw bought their previous home in Windham in 2004, the process was akin to taking a leisurely stroll.

The latest readings on mortgage credit availability show slight improvement month-to-month, reversing course after two consecutive declines in April and May.

Finding a place to live in Brooklyn is easy if you want to rent a home — not so much if you want to buy one.

Walter Investment Management Corp. will close its Ditech subsidiary's Irving, Texas, office by the end of 2017, according to an internal memo. It's the first step in an effort to ultimately reduce Walter's physical footprint from 13 offices to as few as four.

Distressed-mortgage investors are descending on troubled Puerto Rico. What’s luring them is the opportunity to scoop up home loans and foreclosed properties for pennies on the dollar.

Genworth Financial for the second time has withdrawn and refiled its application with the federal government to approve its acquisition by China Oceanwide Holdings Group.

A foreclosure sale of Memphis' tallest building has been pushed to Aug. 16 as court-ordered work to secure the building continues.

Mortgage industry hiring and new job appointments for the week ending July 14.

Two West Virginia law firms have won a federal case against Quicken Loans that stemmed from allegations the lender suggested home values to appraisers who are supposed to be objective.

The Federal Housing Finance Agency has added three categories to the list of protected classes under equal opportunity employment and inclusion rules for regulated entities.

A new PACE financing program is launching in Florida on July 24 with protections to address concerns that some consumers aren't informed about the program's liens, service fees and property tax assessments