Mortgages

Steve Victor, a 33-year-old IT contractor from London, says he's pulling out of the purchase of a new four-bedroom home in the town of Bedford after Britain voted to leave the European Union.

A popular narrative of the housing market has been that big city prices are locking out young buyers, feeding a cycle in which a growing number of people are forced to rent at ever higher rates as demand overwhelms supply.

Mortgage professional hiring and new job appointments for the week ending June 24.

Housing markets were less affordable than their historic norms in 18% of counties across the country, according to RealtyTrac.

Incenter Mortgage Advisors is brokering the sale of a $1.6 billion Freddie Mac residential mortgage servicing rights portfolio for an undisclosed independent mortgage banker.

Ocwen Financial Corp. has agreed to a $30 million settlement in two lawsuits alleging that the West Palm Beach, Fla.-based company violated the False Claims Act.

Fannie Mae has delayed the roll out of its new automated underwriting system that will require mortgage lenders to use trended data for the first time in submitting their loans for approval.

Mortgage rates are up two basis points over the previous week, but they are not increasing as fast as the benchmark 10-year Treasury yield.

Purchases of new homes declined in May from an eight-year high as the housing market continued to display the choppy progress that's been a hallmark of the recovery.

Black Knight Financial Services, in its second deal as a publicly traded company, has bought business analytics firm Motivity Solutions.

Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial harm to consumers, according to a report issued Wednesday by the Consumer Financial Protection Bureau.

KB Home is getting a surge of buyers in cheaper suburban areas after spending the past few years focusing on costlier locations, the builder's chief executive officer said.

Foreclosure starts increased last month, moving off their 10-year low, according to Black Knight Financial Services.

Drew Boland's positive attitude and love of a challenge are two defining characteristics that help him stand out from his peers.

Carrington Mortgage Services has added conventional loans to the portfolio of products offered by its wholesale lending division.

More than one in five Americans say the presidential candidates' policies on housing and finance will shape their vote in November.

The ultimate approval of the CIT-OneWest merger by regulators represents a giant step backwards for the Community Reinvestment Act.

Sales of previously owned homes climbed in May to the highest level in more than nine years, indicating that demand for residential real estate remains robust.

Mortgage applications increased 2.9% from one week earlier as interest rates remain at three-year lows, according to the Mortgage Bankers Association.

In something of a cruel irony, homebuilders are finding constraints on construction financing easing, but little in the way of quality lots on which to put up their houses.