Mortgages

Regulators have unfairly targeted Ocwen Financial Corp. with the goal of forcing it to sell its mortgage servicing portfolio to investors that would foreclose on troubled borrowers, claims a prominent mortgage finance analyst.

Nationstar Mortgage is issuing its seventh securitization of nonperforming reverse mortgages.

It was a rare lucrative business for Wall Street in the aftermath of the financial crisis: snapping up properties in foreclosure and renting them out. So good, in fact, that now, as the distressed pool dries up, some investors are refusing to let the rental-model fizzle.

The Atlanta BeltLine is pushing hard to get hundreds of affordable housing units opened or in the pipeline in the coming months.

A Tamarac, Fla., man scammed tens of thousands of dollars from three homeowners who were falling behind on their monthly payments during the mortgage crisis, investigators say.

Chattanooga, Tenn., home prices continued to accelerate in the first three months of 2017 as sales outpaced the number of new homes put on the market, shrinking the available inventory of houses for home buyers to choose from in the area.

The delinquency rate of Federal Housing Administration-insured mortgages fell to a historic low in the first quarter, fueling more calls for a reduction in the agency's annual premium.

The median time it took a home listed for sale to go into contract was 40 days in April, the fastest since Redfin started tracking this data in 2010.

A Newport Beach, Calif., man was arraigned on charges of impersonating an attorney and defrauding clients through debt consolidation and mortgage modification schemes, according to the Orange County District Attorney's office.

Down payment standards should be relaxed to just 10% to spur homebuying among millennials, Bank of America CEO Brian Moynihan said this week.

Mortgage industry hiring and new job appointments for the week ending May 19.

The spring home buying season got off to a sluggish start in Greater Hartford with home sales and prices sliding in April compared with a year earlier.

New York Gov. Andrew M. Cuomo signed legislation sending $2.5 billion to the construction and preservation of affordable housing, celebrating it as the start to his $20 billion plan to combat homelessness.

Philadelphia homeowners at risk of foreclosure over past-due property taxes could be given free housing counseling and have their debt deferred under a program being developed by City Council.

JPMorgan Chase is marketing another offering of bonds backed by a mix of conforming and jumbo residential mortgages, according to Moody's Investors Service.

The majority of mortgage lenders don't expect to use chatbots to communicate with clients anytime soon, the results of a Fannie Mae survey said.

The lack of knowledge around the home purchase process was cited by 39% of mortgage executives as the leading barrier keeping potential first-time buyers from entering the market.

The time needed to close a mortgage improved nine days since the start of the year as the market has shifted to doing more purchase loans.

Consumers already apprehensive about affordable housing in South Florida will take little comfort in the latest price increases for existing single-family homes.

While mortgage rates dropped just three basis points this past week, Wednesday's stock market sell-off could drive them even lower going forward, according to Freddie Mac.