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Builders broke ground on more homes than forecast in December as a jump in apartment construction helped cap the seventh straight yearly increase, a report from the Commerce Department showed Thursday.
A small federal office has quietly injected more than $2.1 billion into Alaska over the past eight years with almost no impact to the national debt.
Municipalities near and far have spent years looking for ways to get the owners of abandoned properties to fix up their often-blighted houses. Now, with a new proposed local law, the City of Lockport, N.Y., may soon be taking matters into its own hands.
Central Texas home sales and home prices hit a record high in 2016, the Austin Board of Realtors said.
In a candid, in-depth exit interview, Ted Tozer discusses Ginnie Mae's growth during his seven years at the agency's helm, the need for comprehensive housing finance reform, big banks' retreat from mortgages, counterparty risk management and more.
Rising interest rates typically cause lenders to relax underwriting guidelines. The incoming administration promises to deregulate. Sounds like a combustible mix, but there's ample room to loosen credit without returning to the practices that caused the crisis.
The Justice Department claims the bank, which has received "satisfactory" ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.
Fannie Mae is readying its first credit risk transfer transaction of 2017.
And the next HUD chief might eventually rescind it altogether.
By cutting costs, e-closing should allow more borrowers at the margins into the market for loans, according to Fannie Mae chief economist Doug Duncan.
Three midsize banks projected increases in loans this year in the latest round of earnings discussions, but their levels of optimism varied, and their commercial lending strategies in some cases conflicted.
The Office of the Comptroller of the Currency could make the Community Reinvestment Act’s spirit relevant in a digital age so long as it builds the right framework for chartered fintech companies.
While precise definitions vary, the term generally describes a smooth customer experience that may not even require a phone call or branch visit.
As mortgage rates continued to move higher, the share of home purchase loans began to increase in December, according to Ellie Mae.
Why is it so expensive to buy a house in Seattle right now? Everyone seems to have someone to blame: Amazon, priced-out Californians, foreign buyers, developers tearing down old homes to build huge new ones.
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