News

Bank of America announced Thursday morning it has agreed to pay a record $16.65 billion to resolve claims related to the sale of toxic mortgage-backed securities during the years leading up the financial crisis.

The total number of mortgage refinances in the U.S. experienced a slight increase in June as mortgage rates dropped from May, according to the Federal Housing Finance Agency's (FHFA) Second Quarter 2014 Refinance Report. HARP-refinanced homes made up only about 15.7 percent of total refinances in Q2.

For the first time since the start of the housing recovery in 2012, Realtor.com says the end of the annual peak buying season passed this year without any outside economic influences creeping in.

Residential construction is on its way up, with building permit authorizations for privately owned housing units increasing by 8.1 percent from June to July and rising 7.7 percent from July 2013, according to data released on August 19 by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.

Almost half of single homebuyers aged 25 to 50 reported that it was "very important" to them to own a home, according to Century 21's Singles Homebuyer Survey released on August 20.

The national mortgage delinquency rate declined for the 10th consecutive quarter in Q2 2014 and is at its lowest level since 2008, according to TransUnion's quarterly mortgage report. The rate of U.S. mortgage delinquencies, defined as those in which the borrower is more than 60 days delinquent on the mortgage account, fell from 3.61 percent in Q1 to 3.46 percent for Q2 (a change of 4.2 percent).

David Berenbaum is slated to join the Homeownership Preservation Foundation (HPF) on September 2 as the group's new CEO. Berenbaum possesses 28 years of experience in leadership and business management for non-profit companies such as the Equal Rights Center, the Fair ...

The private mortgage insurance company National Mortgage Insurance (National MI) announced that its software tools have been integrated with MortgagebotLOS, produced by D+H. The merging of technological platforms now allows originators to purchase National MI policies from within MortgagebotLOS, with the intent of ...

Ohio ranks fifth in the nation in foreclosure activity in July even after a 24 percent decrease from a year ago, according to recently released data from RealtyTrac.

The Consumer Financial Protection Bureau (CFPB) issued a bulletin on August 19 for mortgage servicers, outlining how they should handle the loan transfer process. The bulletin includes a reminder to mortgage servicers to pay close attention to the new common-sense mortgaging rules implemented by the CFPB in January 2014, aimed at protecting consumers from being harmed during loan transfers.