Real estate

Federal judges have dismissed two lawsuits that accused Wells Fargo of reverse-redlining in Los Angeles and Cook County, Ill., Reuters reported.

Community Housing Capital in Decatur, Ga., has received a $100 million line of credit dedicated for the development and preservation of affordable housing from a syndicate organized by Morgan Stanley.

Homes in the San Francisco Bay area sold last month at the fastest pace in almost nine years and prices approached a record as growing consumer confidence, historically low mortgage rates and job growth propelled sales.

So-called shadow lenders have been making an increasing number of leveraged loans to midsize businesses. Now their involvement is growing in commercial real estate, a market that scorched traditional lenders when it blew up after the 2008 financial crisis.

New-home construction climbed in June to the second-highest level since November 2007 as builders stepped up work on apartment projects.

Wintrust Financial in Rosemont, Ill. reported higher second-quarter profit due to loan portfolio growth and higher mortgage banking revenues.

Mortgage applications for new-home purchases rose 1% during June compared with the previous month as housing prices continue to recover, according to the Mortgage Bankers Association.

Foreclosure volume was down 3% for the first six months of 2015 compared with the same time span last year, a new report from analytics firm RealtyTrac found.

Confidence among homebuilders held in July at the highest level since November 2005, indicating the residential real estate market may be picking up speed.

Mortgage rates for 30-year loans rose to the highest since October after Federal Reserve Chair Janet Yellen reiterated plans to increase borrowing costs this year and the likelihood of a Greek exit from the euro region faded.

June's home sales are up 12% over the same month in 2014, according to the Re/Max National Housing Report.

The housing market may get a bump from two groups — first-time homebuyers and Hispanic consumers, according to a TD Bank survey.

Residential mortgages for new-home purchases increased in June, according to an Ellie Mae report.

Bank of America Corp., the lender most hobbled by the collapse of the housing market, said second-quarter profit more than doubled as the mortgage business rebounded and expenses fell to the lowest since 2008.

purchase lending, loan production, Wells Fargo, home lender

Mortgage applications fell 1.9% for the week ending July 10, compared to a week earlier, according to the Mortgage Bankers Association's weekly survey.

Jumbo mortgage lending is the prime driver of the increase in JPMorgan Chase's loan portfolio.

According to a new analysis by analytics firm RealtyTrac found that it was still cheaper to buy a house than rent one during the first five months of 2015.

A new report from Veros Real Estate Solutions projects that homes in a higher percentage of markets will increase in value over the next year compared to the previous quarter.

Zillow Group Inc. fell to its lowest point in more than a year, after the real estate listings website said Chief Financial Officer Chad Cohen is stepping down.