Mortgages

D.R. Horton is expanding its entry-level Express Homes brand amid first-time buyers' growing demand for both homes and mortgages.

Insurance giant American International Group’s announcement Tuesday that it plans to split off its mortgage insurance business takes the prospect of a broader breakup off the table in the short term, but some observers think the firm may still break itself up eventually.

JPMorgan Chase agreed to pay almost $1 billion to resolve claims by Ambac Financial that it was duped into insuring mortgage bonds backed by shoddy loans, clearing the way for approval of a larger settlement over similar allegations.

The first three transactions of U.S. prime jumbo residential mortgage bonds issued since the financial crisis have been called without any loss, Fitch Ratings reported Monday.

The mortgage industry can better manage disparate regulatory requirements with a comprehensive approach that streamlines compliance.

Home prices in 20 U.S. cities rose at a faster pace in the year ended November, underscoring the shortage of supply amid steady demand.

American International Group announced $3.6 billion in new costs to fill a reserve shortfall and said it will hold an initial public offering for its mortgage insurer and sell an adviser network as CEO Peter Hancock seeks to boost returns and protect his job after criticism from activist investor Carl Icahn.

A New Jersey man has been sentenced to six years in prison for running a scam that victimized distressed homeowners and private investors.

D.R. Horton, the largest U.S. homebuilder, reported fiscal first-quarter earnings that beat analyst estimates as sales increased.

Bank of New York Mellon has become a big believer in reverse mortgages, particularly home equity conversion mortgages insured by the Federal Housing Administration.

U.S. home prices rose 5.5% in November on a yearly basis, according to Black Knight Financial Services.

American International Group's plan to spin off a portion of its mortgage insurance unit is "almost pointless" given the challenges that CEO Peter Hancock faces to fix the much larger property-casualty business, an analyst at Keefe, Bruyette & Woods said.

American International Group Inc., the insurer being pressured by activist investor Carl Icahn to shrink the company, plans to pursue a partial spinoff of its mortgage guaranty unit.

John Kanas, BankUnited's CEO, said the business never turned a profit, and there were no indications that it would. The company, meanwhile, remains committed to other residential lending operations while focusing on expanding its other businesses across Florida.

Mortgage loan delinquencies dropped in December, according to Black Knight Financial Services' First Look report.

Home Partners of America is securitizing a portfolio of single family rental homes with a unique feature: the tenants lease-to-own.

Mortgage professional hiring and new job appointments for the week ending Jan. 22.

The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System.

While a flourishing multifamily market is a boon to apartment lenders, increasing demand for units signals lean times are ahead for renters.

Purchases of previously owned homes rose more than projected in December, helped in part by warmer weather and wrapping up the best year since 2006.