Mortgages

Starwood Waypoint Residential Trust has purchased a pool of delinquent loans and bank-owned homes for a total price of $73.3 million.

KB Home, the Los Angeles-based homebuilder, fell the most in a year and a half after reporting lower-than-expected quarterly earnings as the transition to a new mortgage partner delayed some deliveries.

Retail mortgage lender Guaranteed Rate has launched an encrypted, cloud-based platform that borrowers can use to transmit documents to loan officers.

Fannie Mae, the largest source of funding for U.S. mortgages, said Chief Operating Officer Terence Edwards plans to leave the government-backed company in the first half of next year.

Several federal agencies have joined forces in launching new public service advertisements designed to inform and assist homeowners at risk of foreclosure.

A Wichita, Kan., man was sentenced to seven years and three months in federal prison without parole for his role in a $2.7 million mortgage fraud scheme.

A high percentage of Federal Housing Administration-insured loans are falling into the "higher priced" bucket due to a series of mortgage insurance hikes over the past several years.

Devising a risk mitigation plan — and the training and oversight necessary to implement it — requires lenders and servicers to conduct a scientific investigation into the policies, procedures and controls they already have in place.

A program that moves distressed mortgages out of the foreclosure pipeline can save the FHA and GSEs money and give troubled borrowers a better shot at staying in their homes — but only if it's properly implemented.

New-home sales surged in August to the highest level in more than six years, a sign that the housing recovery is making progress.

The housing market was slightly less stable in July compared to the previous month, according to data released Wednesday by Freddie Mac.

In the coming months, banks, mortgage lenders, consumer advocates and policy wonks will be slicing and dicing the latest Home Mortgage Disclosure Act data, as they do every year. Rarely, if ever, have the stakes been higher.

Mortgage applications dropped last week as an increase in borrowing costs led to a decline in home refinancing.

Within the span of a year, institutional investors with large portfolios of single-family properties have tapped the securitization market with nine deals, creating an alternative form of exposure to the housing market.

Millennial renters and Americans overall have become more optimistic about the housing market since January, according to Zillow.

Federal Savings Bank in Chicago has teamed up with West Suburban Bank in Lombard, Ill., to offer mortgage products across West Suburban's 37-branch network.

Garry Cipponeri, the head of capital markets for JPMorgan Chase & Co.'s U.S. mortgage unit, is leaving the bank to start a new company, according to two people with knowledge of the move.

There were fewer institutions originating mortgages in 2013, while low- and moderate-income borrowers took a smaller share of industry volume, according to the recently released Home Mortgage Disclosure Act data.

Mortgage underwriting overlays are not only tighter than they were precrisis, they're more restrictive than they were 15 years ago — a trend that Department of Housing and Urban Development Secretary Julian Castro wants to change.

Two California mortgage companies are joining forces starting next month.