Technology

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.

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.

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.

Easier credit comes with relief from charge-offs on old building loans.

Mortgage applications fell last week as rising borrowing costs led to less purchases and refinancing.

Builders broke ground on 1 million homes in May, indicating the industry is picking up this quarter after a weather-induced slump to start the year.

Reasons for the lackluster performance range from the severe winter to rising home prices (which put mortgage payments out of reach for some buyers) to tight credit to stagnating incomes.

Confidence among homebuilders rose in June by the most in almost a year, a sign the residential real estate market is stabilizing after reeling from severe winter weather earlier this year.