Real estate

The former chief executive of a Nebraska bank has been convicted by a federal jury for lying to investors and regulators about considerable losses tied to risky commercial real estate investments.

Loan originations for commercial and multifamily properties rose in the third quarter, the Mortgage Bankers Association reported, backing up the group's projection from last month.

Banks have added so much capital in the past several years that they're better protected from declines in real estate values than they were before the financial crisis.

The Consumer Financial Protection Bureau is pushing back against a lawsuit from PHH Corp. that claims the agency erred in overturning an administrative law judge's recommendation to limit the amount of penalties it could face.

Shares of real estate investment trusts fell the most since August after an upbeat reading on U.S. jobs increased the odds the Federal Reserve will raise interest rates this year.

Profits on home sales reached their highest point in eight years in the third quarter despite a slowing-down of appreciation rates, according to RealtyTrac's U.S. Home Sales Report.

LendingTree stands to earn as much as $91.4 million based on its pricing for a common stock offering that is expected to close Nov. 12.

The portion of homebuyers making their first residential purchase fell for a third straight year, and is now at the lowest level since 1987.

After years of plowing resources into compliance projects, mortgage lenders surveyed by National Mortgage News are foregrounding core business initiatives in their plans for the coming year. High on to-do lists are projects aimed at improving the customer experience and seizing new business opportunities.

Luther Burbank Savings, in Santa Rosa, Calif., has established three home loan programs aimed at helping low- and moderate-income borrowers afford to buy homes in nine California counties.

New rules proposed by international banking regulators would severely reduce, and possibly eliminate, banks' profitability in trading bonds that finance everything from home loans and apartment mortgages to auto loans and student debt, according to JPMorgan Chase & Co.

While Texas has been among the strongest housing markets in the country over the past few years, the recent decline in oil and gas prices is affecting its housing market at a time when an overall sluggish economy can't pick up the slack.

HomeFree-USA, a group that provides counseling to potential homebuyers, has opened a Baltimore office and introduced a campaign to promote neighborhoods in West Baltimore that had been ravaged by riots.

The housing market displayed bright short-term and long-term trends in September, according to CoreLogic's Home Price Index.

American International Group Inc. CEO Peter Hancock dismissed activist investor Carl Icahn's proposal to split the company into three insurers, saying a division would limit earnings diversity and reduce the value of some tax assets.

Loan demand and conditions remained largely unchanged in the third quarter, with some easing of credit standards for consumer and auto loans, according to a survey of senior loan officers conducted by the Federal Reserve.

A New Jersey woman and her parents were found guilty of a sophisticated mortgage equity fraud scheme by a Pennsylvania federal jury.

Purchase mortgage originations are soaring because of high-credit score applicants, while refinance applications are declining among the same group of borrowers, according to Black Knight Financial Services.

Canadian Imperial Bank of Commerce said there's "no merit" to a lawsuit filed by a unit of Cerberus Capital Management LP accusing the bank of defaulting on payments tied to U.S. real estate.

A handful of housing markets in the West showed signs of resilience in October, Pro Teck Valuation Services' monthly Home Value Forecast indicates.