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In its latest Home Price Index, CoreLogic reported that home prices continue to rise across the nation, with more increases to come in 2015. The company reported that home prices increased 10.5 percent in April from the previous year, including distressed sales. The company projects home prices will continue to increase by 1.0 percent month-over-month in May.

Massachusetts Attorney General Martha Coakley has sued the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, alleging the companies' refusal to engage in foreclosure buyback programs is "unfairly and illegally causing Massachusetts families to lose their homes."

Fannie Mae's book of business shrank again in April, continuing an uninterrupted streak of declines that started at the end of 2013. According to the enterprise's volume summary report, the book's total value contracted in April at a compound negative growth rate of 2.7 percent. The latest drop brings the book's average year-to-date growth rate to -2.3 percent.

Foreclosures continue to be a national problem, and one metro's City Attorney thinks a large chunk of the problem came from discrimination. Los Angeles City Attorney Mike Feuer is suing one of the nation's largest banks, JPMorgan Chase, alleging the bank engaged in discriminatory lending.

The Data and Analytics division of Black Knight Financial Services released its latest Mortgage Monitor Report, which analyzed data as of the end of April 2014. The report found that there were roughly 2 million modified mortgages facing interest rate resets, with 40 percent of those loan modifications currently underwater.

In its weekly released Primary Mortgage Market Survey, Freddie Mac found the average rate for a 30-year fixed-rate mortgage (FRM) was 4.12 percent (0.6 point) for the week ending May 29, down from 4.14 percent last week and the lowest 30-year fixed average since October 2013. The 15-year FRM also slid down, averaging 3.21 percent (0.5 point) compared to last week's 3.25 percent.

The National Association of Realtors (NAR) recorded a 0.4 percent gain in its Pending Home Sales Index (PHSI) for April, bringing it up to 97.8. A measure of contract signings, the index serves as a forward-looking indicator for future sales activity.

CoreLogic released its National Foreclosure Report, looking at data as of the end of April 2014. The company found that completed foreclosures in April totaled 46,000, down 0.4 percent from March and down 18 percent year-over-year.

U.S. residential properties sold at an estimated annual pace of 5.2 million in April, according to RealtyTrac's April 2014 Residential &

U.S. residential properties sold at an estimated annual pace of 5.2 million in April, according to RealtyTrac's April 2014 Residential & Foreclosure Sales Report. April's sales pace is a decrease of less than 1 percent from March, but an increase of 4 percent from April 2013.