As home prices continue to recover nationwide, a new study from the National Association of Home Builders (NAHB) suggests even a small increase in new home prices can leave hundreds of thousands of prospective buyers out in the cold.

As homeownership keeps slipping among young American adults, real estate analysts expect the makeup of first-time homebuyers could look very different over the next 10 years.

Quandis, Inc., a California-based mortgage servicing software provider, announced its new military search name permutation technology is now being used by Scott Law Firm, one of South Carolina's premier law firms serving the default servicing industry.

Brock & Scott, PLLC, a full-service law firm serving the financial sector, announced the hiring of senior associate attorney Glen Tschirgi to its Columbia, Maryland, office.

U.S. payrolls grew less than expected in July, a potential sign that the labor market recovery might be cooling following an early summer hiring spike. According to the Department of Labor, the economy added 209,000 jobs last month, coming in under the 233,000 predicted by economists. The national unemployment rate ticked up from 6.1 percent to 6.2 percent.

Leaders at the Federal Reserve voted Wednesday to move forward with the central bank's plans to gradually cut monthly bond purchases, a sign of growing confidence that the economy is trending in a more favorable direction.

The U.S. economy experienced a sharp turnaround from the first quarter to the second, fueling hopes of a rebound as the rest of the year plays out. Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the second quarter of the year, according to an advance estimate released by the Commerce Department. Growth came in at the high end of a survey of economists, with the consensus forecast calling for an increase of 3.1 percent.

Home ownership in the United States lost a little more ground last quarter, declining to a new 19-year low as consumers—particularly young adults—continue to grapple with debt and difficulties obtaining credit.

U.S. consumer confidence jumped up more than four points from June to July, signaling a brighter economic outlook among Americans. The Conference Board's Consumer Confidence Index reached 90.9 in the group's July survey, up from 86.4 in June. As of July, the index stands at its highest level since before the Great Recession.

Loan risk in the agency mortgage market came down slightly in June, but analysts warn that risk levels are still unacceptably high. According to the American Enterprise Institute's latest National Mortgage Risk Index, the share of home purchase loans at risk of going sour in the event of an economic downturn fell nearly half a percentage point last month to 11.44 percent.