Mortgages

North Texas home sales slid in April as buyers sheltered in place from the pandemic.

Specialized Loan Servicing will pay more than $1 million to settle Consumer Financial Protection Bureau allegations that it foreclosed on protected consumers and failed to send required evaluation notices in 2014.

The number of mortgages in coronavirus-related forbearance rose by 37 basis points as the unemployment rate soared, according to the Mortgage Bankers Association.

The title insurer did not disclose the number of layoffs.

In a study of four metro areas, housing supply and demand gained momentum in the second half of April, even where the COVID-19 curve continued to grow.

It's unclear how the impact of coronavirus on the economy will change the Boise housing market, but it seems unlikely to bring more than a brief halt to the trends of rising prices and intensifying shortages of houses for people of ordinary means.

Complaints to the bureau hit an all-time high in April. More than one in five said servicers wouldn't grant deferrals, forced borrowers into forbearance or violated other requirements of the coronavirus relief law.

The number of home sales in the greater New Orleans area dropped sharply in April as the coronavirus pandemic locked down the economy, but prices mostly held steady as many sellers withdrew their properties and took a "wait-and-see" position amid the unprecedented market conditions.

Maui real estate activity slowed in April as the effects of dramatically reduced new listings and resulted in a big drop-off in pending sales.

Thousands of fewer homes came onto the market in the St. Louis metro area last month than normal — just 2,400 new listings each week, a 42% drop over this time last year, according to realtor.com.

After ending 2019 on a high note, Ocwen Financial posted an income loss in the first quarter due to the unexpected costs and volatility created by COVID-19.

Hiring by nonbank mortgage and brokers held up unusually well through the early days of the coronavirus outbreak in March, but April's all-time high in unemployment suggests that's unlikely to last.

Three of the four had fewer new notices of delinquency for the quarter, but that should change going forward.

IRS General Counsel Michael Desmond said Wednesday his office has received “a number of requests” for extending deadlines.

Residential real estate showings in the Denver metropolitan region, hampered by the COVID-19 outbreak and corresponding stay-at-home orders, hit an all-time low last month.

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years.

Mortgage industry hiring and new job appointments for the week ending May 8.

Hawaii's real estate market is now getting pounded from complications of COVID-19.

Typically, housing-market activity strengthens through the spring before peaking in May, but last month, many metrics of housing-market activity fell by double digits, compared both with last month and with last year.

The history of riskier lending over the last half century can offer lessons for today's market.