Mortgages

Purchases of previously owned homes unexpectedly rose in July to a 10-month high as low borrowing costs and an increase in inventory drew buyers.

Mortgage rates in the U.S. dropped for a second week, sending 30-year borrowing costs to the lowest point for 2014.

Millennials may be the first group of homebuyer-aged Americans that don't buy into the American dream — at least not the homeownership part of it.

The CFPB's definition does not tell the full story, so real estate agents need to move with caution, no matter what kind of letter a consumer brings from a mortgage loan officer.

Bank of America has agreed to pay $17 billion to settle federal investigators' allegations that it sold shoddy mortgage-backed securities ahead of the financial crisis.

Countrywide Financial Corp. co-founder Angelo Mozilo hasn't escaped the wrath of prosecutors for his company's role in inflating the housing bubble that preceded the financial crisis.

The Securities and Exchange Commission is preparing to serve Ocwen Financial Corp. with its second subpoena in as many months, adding to the already mounting regulatory pressure facing the country's largest nonbank servicer.

If you want to be seen as an expert source by your local reporter, you must be prepared.

This year's spring home-buying season boosted the nation's housing market, according to Realtor.com.

FirstMerit Bank in Akron, Ohio, has partnered with the Skillman Foundation to help residents in downtown Detroit purchase homes.

Universal American Mortgage Co., the mortgage banking subsidiary of Lennar Corp., one of the nation's largest homebuilders, has acquired certain assets of Colorado-based Pinnacle Mortgage Group.

Mortgage applications for purchases and refinances were higher than the week before as interest rates continued to fall towards historic lows.

The 14-term congressman was a dominating force as House Banking Committee chairman. But the savings and loan deregulation bearing his name tarnished his legislative record, and ethics allegations created a cloud of suspicion that led to his ouster.

Carrington Mortgage Services in Santa Ana, Calif., has hired a former JPMorgan Chase & Co. executive to lead its mortgage lending operations.

IMH Financial in Scottsdale, Ariz., reported a loss in earnings for the second quarter, as operating expenses outweighed gains from mortgage loans.

The Consumer Financial Protection Bureau said examiners are on the lookout for borrowers getting the "runaround" when their loans are serviced by a new company.

The mortgage interest tax deduction is supposed to encourage homeownership among low- and middle-income Americans. But it primarily benefits higher-income taxpayers, according to a new study from the Mercatus Center at George Mason University.

The Mortgage Industry Standards Maintenance Organization will release two residential mortgage data standard updates in November 2014 and July 2015.

The hot-button topic of what Fannie Mae and Freddie Mac should charge for loan guarantees is emerging as a key issue in reviving a private-label securitization market.

Equity sharing, a fledgling concept that never managed to gain traction as a loss mitigation strategy during the housing crisis, is being reincarnated as an alternative to home equity loans and other second-lien mortgage products.