Mortgages

The National Fair Housing Alliance and 20 local fair housing groups have filed a lawsuit in federal court against Fannie Mae over its maintenance and marketing of foreclosure properties.

Although he has since walked-back his original pledge to deport 11 million people, if President-elect Donald Trump attempts to fulfill his campaign promise, the damage to the housing industry would be substantial.

While the designation of retired neurosurgeon Ben Carson to run the Department of Housing and Urban Development appears like an unusual choice, lenders are hoping he can bring a fresh perspective to the industry.

Mortgage credit availability expanded for the third consecutive month in November, according to the Mortgage Bankers Association.

The number of borrowers able to refinance a loan has been cut by more than half as a result of the post-election rise in interest rates, according to Black Knight Financial Services' monthly Mortgage Monitor report.

PlainsCapital Corp. subsidiary PrimeLending is expanding its closing cost assistance program to all 50 states and the District of Columbia.

Ben Carson accepted Donald Trump's offer to lead the U.S. Department of Housing and Urban Development, according to a statement from the president-elect's transition office Monday.

Employment in the nondepository mortgage lenders and brokers sector grew for the fifth straight month, according to the Bureau of Labor of Statistics.

Mortgage industry hiring and new job appointments for the week ending Dec. 2.

NAHREP Consulting Services, a consulting firm that specializes in housing and the Latino market, has created a new program to help lenders looking to ramp up their market efforts in diverse communities.

The mortgage interest deduction will be limited in reforms designed to provide tax cuts for middle-class borrowers, but not those with higher incomes, according to Treasury Secretary-designate Steve Mnuchin.

The debate over housing finance reform appears to have new life as both Democrats and the next administration appear ready to take up the issue.

Steven Mnuchin's confirmation hearing is likely to be dogged by stories of homeowners who claim his bank, OneWest, illegally foreclosed on them. While the stories are unlikely to prevent President-elect Donald Trump's pick from being confirmed, it could weaken Mnuchin politically and rehash grievances from the financial crisis.

The Federal Housing Administration will increase loan limits across most areas in the United States in 2017 to reflect rising home prices.

Privatizing the government-sponsored enterprises is a priority for Treasury Secretary-designate Steven Mnuchin. Here's a look at what it will take to pull off and the potential implications for the mortgage industry of unwinding the conservatorship.

Bank of America has conditionally completed 97% of the $7 billion in consumer relief it agreed to provide as part of its 2014 settlement with the Department of Justice and six states.

The multifamily construction boom may finally be coming to an end as leasing of new units has slowed and lenders are becoming more cautious.

LoanDepot has agreed to purchase two title and settlement services companies, Closing USA and its affiliate, American Coast Title.

Conforming mortgage rates are at their highest level this year after increasing 51 basis points since Election Day, according to Freddie Mac.

Treasury Secretary-designate Steven Mnuchin's plan to remove Fannie Mae and Freddie Mac from government control could mean increased competition for lenders' loans. But it could also prompt a rise in mortgage rates.