Mortgages

A pickup in sales of previously owned homes signals the housing market is making progress despite inventory constraints that are sending prices to all-time highs.

Mortgage application activity increased slightly from one week earlier, according to the Mortgage Bankers Association.

Traditional partnerships with lenders have been eroded by compliance strains and new incentives to control more of the homebuying transaction.

CLO managers who accept lower interest payments on loans risk running afoul of deal covenants; but if they take their money back, there are few attractive options for putting it back to work

Defaults on first-lien mortgages fell 5 basis points in May from the previous month, dropping to their lowest level in a year, according to the S&P/Experian Consumer Credit Default Index.

Federal Reserve Vice Chairman Stanley Fischer said a long period of low interest rates may have contributed to "high and rising" home prices in several countries, cautioning against forgetting the lessons of the 2007-09 housing crisis.

The market for existing-home sales underperformed its potential by 3.8% because of the inventory shortage, according to First American Financial Corp.

The young adult homeownership rate should increase by 1.5 percentage points over the next two decades as education attainment among racial and ethnic minorities continues to rise.

More homes went on the market last month than in any since 2008, a sign that the logjam that's characterized the Portland-area market in recent years could be breaking.

Metro Atlanta housing got a healthy dose of same-old, same-old in two new reports.

Managing portfolios for an influx of servicing rights investors helps mortgage companies augment revenue and keep rising costs and compliance risks in check.

With refinancing coming in a little stronger than expected and underwriting loosening, Fannie Mae has slightly increased its forecast for total volume in 2017.

While home prices have increased sharply in expensive coastal cities, plenty of urban centers are lagging behind.

PHH Corp. completed the sale of its Freddie Mac mortgage servicing rights portfolio to New Residential Corp. for $102 million, but the sale of the Fannie Mae MSRs will take place in the third quarter.

Actress and humanitarian Angelina Jolie has purchased the Cecil B. DeMille estate, a Los Feliz mansion once owned by the early filmmaker, for $24.5 million.

Comerica Bank will invest up to $5 million in Detroit Home Mortgage, which provides second mortgages to buyers so they can get past the city's appraisal gap problem.

From the Trump administration's initial efforts at reg relief and GSE reform to dramatic shifts in the servicing landscape, here's a look back at the top stories shaping the mortgage industry during the first half of 2017.

Odd though it may seem, Los Angeles is too lucky for its own good.

The homeownership rate has been falling for over a decade, but there are now signs that the decline is decelerating and could end soon, according to researchers at Harvard University.

Mortgage industry hiring and new job appointments for the week ending June 16.