Unless Congress acts soon, the Federal Emergency Management Agency will not be able to issue new flood insurance policies after May 31.

Wells Fargo & Co. is in the market with a $200 million package of nonperforming residential loans, according to investors that have been briefed about the deal.

The Consumer Financial Protection Bureau and the government’s Small Business Review Panel will hold a private forum on its new proposal to revise the way loan officers, brokers and lenders are compensated on loan transactions.

The long-term rate-indicative 10-year Treasury yield has officially dropped to and matched its 52-week low of 1.7%.

Re/Max reported that sales in April edged up 0.1% from the previous month.

MGIC Investment Corp. has filed a lawsuit against Freddie Mac and its conservator, the Federal Housing Finance Agency, over the pool insurance dispute between the two companies.

Home prices are beginning to stabilize thanks, in part, to loan modifications and the increasing use of short sales.