Mortgages

Wells Fargo, which lost its status as the world's most valuable lender after a scandal in its retail bank, said profit dropped 5.4% as revenue from its mortgage business declined.

The Trump administration gave the first clear sign Thursday that it intends to dismiss Consumer Financial Protection Bureau Director Richard Cordray.

Housing and Urban Development Secretary-designate Ben Carson is open to finding alternatives to the 30-year fixed-rate mortgage, but believes there must be some government backstop to the housing market.

Housing and Urban Development Secretary-designate Ben Carson is open to finding alternatives to the 30-year fixed-rate mortgage, but believes there must be some government backstop to the housing market.

Former Jefferies LLC managing director Jesse Litvak, on trial for defrauding clients on the price of mortgage bonds, is finally getting to present the evidence that he believes will keep him out of prison — testimony from his hand-picked expert witnesses.

Homebuyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that's historically been seen as a refuge from Manhattan's high costs.

Mortgage applications for new home purchases rose 2% year over year in December, the Mortgage Bankers Association reported.

Mortgage rates moved lower for the second consecutive week on the market's reaction to November's employment numbers, according to Freddie Mac.

Fannie Mae and Freddie Mac have hiked the standard modification benchmark interest rate.

Black Knight Financial Services has integrated its Lien Alert portfolio monitoring tool with its LoanSphere MSP servicing system.

Treasury Secretary-designate Seven Mnuchin will divest himself of his investments and interests in a number of companies and funds once confirmed, including a fund that has bet on Fannie Mae and Freddie Mac being recapitalized and released from government control.

Housing is not in a bubble even though home prices are unlikely to decline in the next two years, according to a new report from Arch MI.

Sen. Elizabeth Warren, D-Mass., rallied progressives on Tuesday night to launch a campaign to defend the Consumer Financial Protection Bureau and the Dodd-Frank Act.

HUD Secretary-designate Ben Carson is all but certain to get confirmed to his post — unless he makes a major mistake during his confirmation hearing. Given his lackluster performance during the GOP presidential debates last year, some wonder if that's a possibility.

Homeowners in predominantly black and Hispanic neighborhoods are more likely than their counterparts in predominantly white neighborhoods to be underwater on their mortgages, according to a report from Zillow.

Flushing Financial in Uniondale, N.Y., has its next chairman lined up.

A Trulia analysis of U.S. listings shows that 3.9% of homes that moved from for-sale to pending moved back to for-sale again, nearly double the rate in 2015.

Mortgage application volume started off 2017 on a good note as activity increased 5.8% from one week earlier, according to the Mortgage Bankers Association.

Nonbank servicers should proactively ask for guidance on the Consumer Financial Protection Bureau's muddled private-label servicing policies, as they are likely to soon be under scrutiny.

House Democrats sent a letter Tuesday to President-elect Donald J. Trump, urging him to reject calls by Republicans to fire Richard Cordray, the director of the Consumer Financial Protection Bureau.