Mortgages

Last year was a good year for residential real estate in the Pittsburgh region as a whole, but two of the hottest areas of the city for price appreciation and sales were Lawrenceville and East Liberty.

Home prices in Los Angeles and Orange counties climbed 5.1% in November from a year earlier, according to a leading gauge.

Almost 80% of the metro Milwaukee area's most-active real estate markets saw an increase in the average home price in 2014, and real estate analysts expect the trend to continue this year.

Mobile boards hung with candy-colored pages announcing the day's foreclosure hearings still stand sentry on the fourth floor of the Palm Beach County, Fla., courthouse — makeshift organizers erected during the unbridled early days of the housing crisis.

Auction.com is not expecting existing-home sales to massively increase in January compared to the previous month.

Progress Residential priced its second securitization of single-family rental properties.

Purchases of new homes jumped in December to the highest level in more than six years, a sign the industry is poised to keep expanding in 2015.

Home prices in 20 U.S. cities rose at a slower pace in the year ended in November, a sign the industry struggled to find momentum even amid low mortgage rates.

United Wholesale Mortgage has released a new origination system for brokers and correspondents.

A California loan broker who defrauded investors of more than $17.4 million has been sentenced to five years in prison.

The Supreme Court gave borrowers the path to file a rescission notice without going to court, but experts expect more banks to initiate legal proceedings to stop rescissions they see as frivolous.

Over 50% of mortgage lenders said they plan to increase their marketing towards first-time homebuyers in 2015 to take advantage of changes in conforming and government lending programs.

Privlo, a non-qualified mortgage lender, has begun operations in its home state of California.

Thousands of struggling Michigan homeowners who got a break on their mortgage during the financial crisis will get a letter this year with a bit of bad news.

Although foreclosures had peaked in 2010 in many states and metropolitan areas, statistics show a different story for Maryland.

In less than a decade, Seattle-based Zillow has become the nation's leading brand for homebuyer real estate information. It's become synonymous with looking up your home's value — or someone else's.

Recently disclosed emails and documents give the clearest evidence yet that high-level banking officials pushed subprime mortgage loans knowing some Detroiters couldn't pay them — helping spark a foreclosure crisis that devastated the city during the Great Recession.

Metro Bancorp in Harrisburg, Pa., which has been under pressure from activist investors to sell itself, reported higher quarterly income largely because of increased real estate lending.

Sun Bancorp in Mount Laurel, N.J., reported a quarterly loss as it continues to shrink its balance sheet.

Consent decrees issued (and not issued) last week demonstrate how having appropriate compliance controls can and will make a major difference in any potential regulatory response.