Mortgages

Overall housing value growth remained steady in the fourth quarter with some states going way above the national average, according to the Federal Housing Finance Agency's Home Price Index.

Mr. Cooper Group reported fourth-quarter net income of $461 million, aided by the recovery of its deferred tax asset and a positive mark-to-market on its servicing portfolio.

Alabama is fourth in the country for raw vacancy rate with more than 18% of all housing units in the state empty.

The agency's director said both steps will come as part of an ongoing review of agency rules and show her "commitment under the law to be effective and evidence based” in providing clarity to stakeholders.

Southern California home prices shot up in January from a year earlier, as buyers fought over a meager supply of homes for sale across the six-county region.

Home prices in 20 U.S. cities advanced in December by the most in nearly a year on the heels of stronger demand and lean inventory.

The Department of Housing and Urban Development asked mortgage servicers and other stakeholders to respond quickly to a proposed set of foreclosure-sale policy improvements so it can finalize them soon.

A deepening imbalance between entry-level buyers and sellers is creating stiff competition, and multiple offers for more than list price aren't unusual.

With inventory tight, roughly 80% of housing markets had purchase bidding competition in January and value appreciation is expected to increase in the coming months.

With interest rates and unemployment at rock-bottom lows and home values rising, the part of JPMorgan's retail business that sells home loans to consumers made money last month, marking the first profitable January in five years, according to people familiar with the matter.

A rally in Treasuries that's driven 10-year yields toward record lows could have more room to run, a Goldman Sachs report said.

Black Knight introduced a model to gauge prepayment speeds and credit risk for investors that purchase commercial mortgage-backed securities.

High demand drove sales of existing single-family homes in Maine to a 20-year high in January, up nearly 27% compared with January 2019, according to figures released by Maine Listings.

The number of new foreclosure lawsuits filed in Hawaii declined in 2019 to mark a sixth consecutive year of fewer cases mostly against homeowners struggling with mortgage debt.

When metro Denver's real estate market was running red hot a few years ago, buyers were timid about asking sellers to cover their out-of-pocket costs for fear of losing out to another bidder.

Equifax has released a series of bundled services aimed at helping financial institutions use data and analytics to manage tasks associated with the process of servicing mortgage loans.

Investors snapped up U.S. Treasuries, sending the yield on 10-year securities plunging by as much as 11 basis points Monday to within 5 basis points of its all-time low.

Corporations that own California properties could soon be fined for keeping homes vacant for more than three months under a proposed law to give tenants, nonprofits and cities more say over what happens to empty buildings.

Franchisees of Remax Holdings' Motto Mortgage combined to originate over $1 billion in loans in the organization's third year of operations.

The supply of homes for sale in Palm Beach County, Fla., is falling sharply, a trend that could create upward pressure on prices.