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While "tech hub" metros have experienced elevated price gains compared to the rest of the nation, a recent analysis from Trulia chief economist Jed Kolko argues that the two may have little to do with one another. Rather, tech hubs "had steeper price declines during the bust and have fewer homes stuck in foreclosure today–and both of those factors are driving the current price rebound."

The Mortgage Forgiveness Debt Relief Act's (MFDRA) expiration may lead to negative pressure on liquidation timelines and recoveries for legacy U.S. mortgage investors if the act is not renewed, according to Fitch Ratings. Recently expired as of January 1, the ...

About four years after the Federal Housing Finance Agency (FHFA) directed the GSEs to develop a uniform collateral data portal, the Office of the Inspector General of the Federal Housing Finance Agency (FHFA OIG) finds the portal is not being used to its potential, and the GSEs continue to purchase loans with red flags.

Barrett Daffin Frappier Turner & Engel (BDFTE) announced Wednesday five new partners to the Addison, Texas-based law firm.

The number of homes sold for more than $1 million in California increased 45.1 percent in 2013 against 2012, according to real estate information service DataQuick. Last year, 39,175 homes sold over the million dollar mark versus 2012's 26,993 homes. Of those homes, 10,602 were bought with cash. Those homes that were financed in this price bracket had a median down payment of 30 percent.

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced Tuesday that Robert Ilunga, of Naugatuck, Connecticut, was sentenced last Friday to 18 months in federal prison for operating a multimillion-dollar mortgage fraud scheme. Ilunga will serve three years of supervised release upon his release from prison.

In a filing with the Securities and Exchange Commission (SEC) Tuesday, Morgan Stanley revealed it has reached a $1.25 billion agreement in principle with FHFA to resolve pending mortgage-backed securities (MBS)-related litigation. In connection with the settlement, the company announced it is recording a $150 million addition to its fourth-quarter legal reserves.

MountainView Servicing Group is marketing a $2.4 billion Fannie Mae mortgage servicing rights portfolio. According to MountainView, the portfolio is made up of 100 percent first-lien loans with an average loan-to-value ratio of 76 percent and an average FICO score of 765.

As home prices continue to soar year-over-year and commentators draw lines to historical averages, Clear Capital offers one piece of advice to all those waiting to see a national peak anytime soon: Don’t hold your breath. In its latest Home Data Index Market Report, the company says the market won’t reach peak prices again until 2021 at its current rate of growth.

While homeowners are feeling more confident about the prospect of selling their homes, they do harbor concerns regarding the availability of home financing and the low inventory available for their next purchases, according to the Redfin Real-Time Seller Survey released Tuesday.