Technology

Purchases of new homes in the U.S. rose in May by the most in 22 years, indicating the industry is rebounding from a winter-induced lull at the start of the year.

Home prices in 20 U.S. cities rose at a slower pace than forecast in the year ended in April as declining affordability put a lid on appreciation.

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.