Mortgages

Home prices across the United States spiked 6.5% year-over-year in June 2015, including distressed sales, according to proprietary analytics provider CoreLogic.

Mortgage applications rose a seasonally adjusted 4.7% for the week ending July 31, compared to the previous week.

Freddie Mac's second-quarter single-family funding was the strongest it's been in a year, positioning the company to supplant the coming drop in refinancing with purchase mortgages.

An Astoria Financial investor is demanding that the Lake Success, N.Y., company explore a possible sale or other ways to increase shareholder value.

Ginnie Mae has updated the procedures manual used by the custodians of documents involved in mortgage-backed securities.

NorStates Bank has selected HomeBridge Financial Services to provide origination of residential mortgage loans.

United Guaranty Corp.'s second-quarter pretax operating income fell 25% from a year ago due to a less favorable adjustment to its loan loss reserves.

LendingTree posted record revenue during the second quarter, leading the company to upwardly revise its full-year guidance.

Years after the crisis, fundamental problems in default servicing still exist and in order to move forward, servicers must reimagine their processes to better manage overall volume and spikes in demand.

Guaranteed Rate's Oren Orkin explains how helping real estate agents host their open houses has led to new referral relationships and increased mortgage business.

Commercial real estate borrowing and lending continued at a strong clip in the second quarter, according to the Mortgage Bankers Association.

Guardian Mortgage has named a Bank of America executive to succeed Marcia Phillips as chief executive.

Banks are seeing stronger consumer demand for credit for a range of products, including residential mortgages, auto loans and credit cards, according to a Federal Reserve Board survey of senior loan officers released Monday.

While mortgage loan delinquencies continued to fall in June, non-mortgage debt continues to mount, according to data from Black Knight Financial Services. This added debt could affect a consumer's ability to keep making mortgage payments or buy a new home.

Unlike in personal loans, where Lending Club saw an opportunity to lower the cost of consumer credit card debt, in mortgages, the play is not in providing lower-priced credit, but rather in removing friction, Renaud Laplanche says.

Most real estate agents and home builders have heard about the new mortgage disclosures that take effect Oct. 1 but are light on the details, and many of the lenders they rely on lack sufficient understanding to help them.

Lenders said the delay in implementing the combined loan and closing disclosures is giving them valuable added time to train their staff, according to a DocuTech survey.

Regardless of recent activity, marketing services agreements can be legal if lenders find the proper formula to follow.

CIT Group has completed its acquisition of OneWest Bank in Pasadena, Calif.

Goldman Sachs Group Inc. increased its estimate for reasonably possible legal costs in excess of reserves by 55% to $5.9 billion.