Mortgages

The city of Owensboro, Ky., has plowed through a complicated process that led to a mass foreclosure action against 21 problem properties, most of them residential. Now, the city has its sights on another set of similar problem properties for foreclosure.

Local officials could have a new weapon, courtesy of state government, in a drive to thin out empty residences and buildings in St. Joseph, Mo.

Home equity lines of credit dried up during the housing collapse, but the emergency cash is making a comeback.

North Texas real estate agents sold a record number of houses in 2014, with a year-end surge in home purchases and construction was prompted by lower mortgage rates and economic expansion in Dallas-Fort Worth, housing analysts say.

A recently launched program in New York state is helping distressed borrowers avoid foreclosure.

The former vice president of Appalachian Community Bank in Ellijay, Ga., has been found guilty of a fraud that helped force the bank to close in March 2010.

Mortgages for Gulf War veterans have more than tripled since 2008, which along with a spirited outreach program and the post-crisis credit squeeze, has helped fuel a steady increase in Department of Veterans Affairs lending.

If you don't take control of your business, don't set up a plan and don't take your life by the horns, you're going to continue to be miserable.

Apartment financing markets began the year on solid footing, according to a recent survey from the National Multifamily Housing Council.

Mortgage professional hiring and new job appointments for the week ending Jan. 16.

Mortgage-focused real estate investment trusts, including those affiliated with Western Asset Management and Pine River Capital Management, are backing loans to Americans who don't meet banks' requirements.

Commercial mortgage-backed security performance could come under further strain this year, as the underwriting on the underlying commercial mortgages continues to loosen. Here are eight indicators to consider in sizing up the CMBS market this year.

United Shore, a lender based in Troy, Mich., has added a new position to its management team, consumer advocate.

Ares Management LP won a $700 million commitment to invest in U.S. commercial real estate for a life insurance client.

Lower litigation costs helped Bank of America's mortgage unit curb its losses, while Citi's fourth quarter origination volume dropped 18% from a year ago.

Bank of America's expenses still far exceed those of JPMorgan Chase and Wells Fargo, so analysts were clearly disappointed Thursday when CEO Brian Moynihan failed to outline any specific plans for further lowering overhead.

Facing the prospect of losing its license in California, Ocwen would be wise to settle its probe by state regulators in a timely manner, observers said. If it doesn't, the mortgage servicer could lose significant revenue and might even face a cash crunch.

Lennar Corp., the biggest U.S. homebuilder by market value, said fiscal fourth-quarter earnings climbed about 50% as it sold more houses at higher prices.

Applications for new home purchases dropped slightly in December compared to the month before, according to the Mortgage Bankers Association.

Foreclosure filings on U.S. properties fell 18% in 2014 compared to a year earlier, according to RealtyTrac.