Mortgages

Lennar Corp., the second-largest U.S. homebuilder, reported a higher-than-expected profit for its fiscal first quarter as the nation's job gains bolstered demand for real estate purchases.

Home values in 20 U.S. cities kept climbing in January, a sign the limited supply of available properties may push prices out of reach for some buyers.

A jury awarded Mount Olympus Mortgage Co. more than $25 million in a lawsuit alleging "corporate espionage" by former employee Benjamin Anderson and his new employer, Guaranteed Rate.

Appellate courts are officially playing pingpong with underwriters' employment status, leaving lenders to decide whether or not they qualify as employees exempt from minimum wage and overtime pay — and open to regulatory scrutiny.

LoanLogics has raised $10 million in new capital that the mortgage software vendor plans to use to support its growth.

Redwood Trust has promoted its chief financial officer, Christopher Abate, to replace its departing president, Brett Nicholas.

Contracts to purchase previously owned homes rebounded more than forecast in February as sales picked up in most of the U.S., a good sign as the spring-selling season approaches.

Home prices rose 5.3% in January compared to the previous year, according to Black Knight Financial Services.

Royal Financial in Chicago has agreed to sell $26 million of distressed assets associated with its pending purchase of Park Bancorp in Chicago.

The California Supreme Court's recent ruling that a borrower has the right to challenge a wrongful foreclosure opens the door for a tighter mortgage market while leaving key questions about future borrower lawsuits unanswered.

Fewer lenders eased their credit standards over the previous three months, according to Fannie Mae's Mortgage Lender Sentiment Survey for the first quarter.

Five policy heavy-hitters issued a proposal this week to merge Fannie Mae and Freddie Mac into a single government corporation as a way to move beyond the conservatorships of the two government-sponsored enterprises.

Freddie Mac has sold $1.4 billion in deeply delinquent, nonperforming loans.

Two senior GOP lawmakers are warning regulators against preferential treatment for housing advocates and nonprofits in sales of nonperforming, government-guaranteed mortgages.

Learn how the some of the industry's most successful loan originators get it done with these tricks of the trade from the 2016 Top Producers rankings' top 20 loan officers of the West.

Interest rates on fixed-rate mortgages lowered for the first time in four weeks, Freddie Mac reported.

Mortgage professional hiring and new job appointments for the week ending March 25.

While the absolute number of housing markets that are less affordable than their historic norms remains small, there is concern over rising home prices forcing consumers out of the market, according to RealtyTrac.

Mortgage loan delinquencies improved from their spike in January to reach the lowest level recorded since April 2007, according to Black Knight Financial Services.

The Federal Housing Finance Agency appears poised finally to allow principal reductions, but it's been nearly a decade since the mortgage crisis and underwater borrowers are much fewer thanks to higher home values.