Mortgages

A yearlong battle in San Francisco City Hall ended Wednesday night when two factions on the Board of Supervisors reached a compromise on how much affordable housing to require in new market-rate developments.

The German bank posted two consecutive years of losses partly because of misconduct fines tied to the Libor and other scandals.

Want a home loan these days? Increasingly, your credit needs to be almost perfect.

David Schneider has joined Stearns Lending as its chief executive officer, replacing Brian Hale, who will be leaving the company at the end of the month.

Fannie Mae and Freddie Mac should be able to rebuild a capital buffer to avoid any potential crisis in the mortgage market, according to a coalition of affordable housing advocates, homebuilders and small mortgage lender groups.

State regulators felt they were strung along by the mortgage servicing giant Ocwen Financial after years of promises that were never fulfilled, resulting in successive enforcement actions against the company.

Reverse mortgage lender Financial Freedom has agreed to pay $89 million to settle False Claims Act allegations involving unearned interest payments it received from the Federal Housing Administration.

Foreclosure activity continued to sink in Southwest Florida last month, tracking the statewide and national trends.

Mortgage applications decreased 4.1% from one week earlier as the refinance share hit an eight-plus-year low, according to the Mortgage Bankers Association.

Central Texas home sales rose just over 3% in April and the median price of those sales hit $305,000 — the second-highest level ever.

San Mateo County, Calif., officials opted to spend $43.75 million over the next two years to boost the number of housing units geared at working families.

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards.

Here's a look at the 12 cities where the number of affordable homes increases the most when buyers have a 20% down payment rather than only putting down 10%.

U.S. Treasury Secretary Steven Mnuchin has taken pains to stress that the Trump administration isn't out to kill Americans' beloved mortgage-interest tax deduction — but a side effect of the plan could turn it into a perk for only the wealthy.

Lower defaults among government-guaranteed mortgage borrowers drove the overall delinquency rate down, the Mortgage Bankers Association said.

Goldman Sachs is marketing nearly $1 billion of commercial mortgage bonds backed primarily by office and retail properties.

Fannie Mae has a $1.8 mortgage foreclosure lawsuit pending with FFH of Fort Smith Limited Partnership and several other local entities over the Rock Creek apartments on North 50th Street in Fort Smith, Ark.

Only 32% of California households could afford to purchase the $496,620 median-priced Golden State home in the first quarter of 2017, according to a report issued by the California Association of Realtors.

Across the nation, the once-pernicious foreclosure crisis nearly has abated, but in Lucas County, Ohio, foreclosure activity is stronger than it was a year ago.