Mortgages

Confidence among homebuilders retreated in January from an 11-year high, suggesting optimism has plateaued following Donald Trump's election victory, a report from the National Association of Home Builders/Wells Fargo showed Wednesday.

The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.

Just days before President Obama will leave office, the White House released a white paper advocating for the U.S. government to engage in efforts to promote the fintech industry.

Top Democrats vowed to defend the Consumer Financial Protection Bureau, predicting Director Richard Cordray will file a lawsuit if he were fired by Donald Trump after he is sworn in as president.

The Department of Housing and Urban Development's proposed guidance has stirred up a debate on elevation standards as flooding occurs more frequently and in more unexpected places.

The default rate on first mortgages increased a single basis point in December compared with November but was down 13 basis points over the same month last year, according to the S&P/Experian Consumer Credit Default Indices.

Moody's Corp. agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation.

The company sued the former director over the debt, which disqualified him from board service.

The Columbus, Ga., bank reported higher fourth-quarter profit on growth in business loans and mortgage banking.

The startup, known for refinancing millennials' student loans, is now writing more than $100 million of home mortgages a month, and expects this to be its fastest-growing product. Here's why.

Bankers are trying to stop the Consumer Financial Protection Bureau from allowing consumers to rank how companies handle complaints on a one- to five-star scale and to publish narratives of consumer experiences in an online public database.

To meet a 20% down payment, homebuyers on average have to spend more than two-thirds of the average annual income, according to a report from Zillow.

The Federal Housing Administration program could see a $50 billion increase in single-family loan endorsements this year if a planned 25-basis-point annual premium cut goes into effect on Jan. 27.

JPMorgan Chase's net mortgage banking revenue for the fourth quarter was $1.69 billion, an increase of just 1% over the same period in 2015.

The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.

Higher interest rates will add stress for millennials looking to buy a home, according to an analysis from Fitch Ratings.

Mortgage industry hiring and new job appointments for the week ending Jan. 13.

Bank of America Corp.'s fourth-quarter mortgage revenue almost doubled to $519 million from a year earlier.

Banks have started reconsidering how much they are willing to pay for low-income housing tax credits as expectations of a Trump tax cut surge, slowing down some projects already and threatening developers with heavier financing burdens.

PNC's fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.