Headlines

As American cities rebound and develop after years of disinvestment, rising housing costs are excluding lower-income residents, and inclusionary housing could be the only solution to ensure that cities remain integrated.

Major banks across the U.S. are being cautious about adding mortgages that they did not originate to their balance sheets, and in turn, have recorded drastic declines in their third-party mortgage servicing portfolios since early 2009, shortly after the economic downturn in 2008.

Longtime housing finance veteran Chris Negri has joined Washington, D.C.-based business advisory firm The Collingwood Group as Senior Vice President, according to an announcement from Collingwood.

The Consumer Financial Protection Bureau and the Department of Justice have taken action against Hudson City Savings Bank for discriminatory redlining practices, according to an announcement Thursday.

Pro Teck's Home Value Forecast found that in markets like San Francisco and Detroit are experiencing different recoveries and one reason for this is the credit availability.

Parkside Lending, LLC, recently announced it will now go to 95 percent LTV without mortgage insurance on its expanded Jumbo program. The company designed the new Jumbo offering to help creditworthy borrowers with a down payment or equity as low as 5 percent fit into a traditional Jumbo loan.

First American Financial Corp., recently announced that its DataTree property research solution is the first to offer a comprehensive collection of residential building characteristic data for Orange County, California properties.

The Collingwood Group, a Washington, D.C.-based business advisory firm, announced that Paul Mullings has joined the company as a managing director supporting the firm in business advisory and risk management and compliance practices.

The majority of metro housing markets are showing signs of health, which will make for sustainable growth in the near-term, according to Nationwide's Health of Housing Markets Report.

The city of Oakland, California, has filed a lawsuit against Wells Fargo accusing the bank of reverse redlining by targeting minorities for high-cost mortgage loans which later led to foreclosures and blight when the borrowers defaulted.