Mortgages

Home prices in 20 U.S. cities rose at a slower pace than forecast in the year ended in April as declining affordability put a lid on appreciation.

The CFPB has opened a back door by accusing a lender of engaging in unfair and deceptive acts in connection with originating loans that the borrowers could not "afford."

Purchases of previously owned homes rose more than projected in May, a sign the industry is stabilizing after a weather-depressed quarter.

Residential home prices were up 6.4% in April from a year earlier, according to a report from Black Knight Financial Services.

Competition from site-built homes and distressed sales, the limited availability of conforming mortgages, and an underdeveloped secondary market have prolonged a slump in manufactured housing that started in 1998.

The move is the latest in a series of reforms to the government-insured Home Equity Conversion Mortgage, eliminating product features deemed to threaten the soundness of the FHA insurance fund.

Altisource would gain a venue to sell more of its origination services, while Mortgage Builder would get a larger company's backing to help achieve its goal of faster growth.

While use of facsimile has decreased in the workplace for general business practices over the years, fax machines still remain the default delivery method for sending and receiving mortgage payoff statements.

Bank of America failed to win dismissal of two government lawsuits in which it’s accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities.

The House Financial Services Committee approved legislation Friday to extend and modify the Terrorism Risk Insurance Act.

JPMorgan Chase & Co. (JPM) is planning a $303.7 million sale of U.S. home-loan bonds without government backing, adding to evidence that the market for the securities is beginning to pick up steam.

A new analysis by TransUnion gauges just how much the reporting of on-time rental payments can improve consumers' credit scores, especially for those with blemished credit.

New players have entered the field and are vying for lenders' business, but pressure on pricing is marginal and no company's market share position has changed drastically.

Financing plays a vital role in nonperforming loan investment. One of the most compelling things investors can do to get it is show how they handled a tough situation, financiers say.

A proposal to extend and modify the Terrorism Risk Insurance Act divided the House Financial Services Committee down party lines on Thursday, and signaled the battle lines that are likely to arise when the issue is worked out between the House and Senate.

The guidance aims to protect Home Equity Conversion Mortgage borrowers from "presentations that appear to limit their options," the agency says.

The confluence of trends is making efficient portfolio and vendor management vital.

Buyers still have a lot of money they want to put to work and assets are in short supply, advisors who help broker trades say.

The GSEs make mortgages? Banks don't? For an economics professor who has made the causes of the housing collapse a central campaign issue, David Brat sure doesn't sweat the details.

The Federal Housing Administration is on better financial footing thanks to an expected $418 million payment from SunTrust in a settlement resolving claims that the bank originated defective loans.