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Fannie Mae's current tack could help it weather some of the new challenges confronting the government-sponsored enterprises, including the planned expiration of its qualified mortgage rule exemption and rate-driven earnings volatility.

Bank of America is tapping the commercial mortgage-backed securities market to refinance the debt on its namesake Manhattan office building, providing BofA and building co-owner The Durst Company with a hefty cash-equity payout.

Steve Coffman has more than 20 years’ experience in corporate benefits and insurance. During the last 17 years, he has managed disability and leave teams before serving as Director of Client Solutions for a Top 5 carrier. Steve’s current position at Guardian is Senior Life & Disability Practice Leader. In this role, he utilizes his extensive disability experience to assist key clients and producers in better understanding claim best practices and possible solutions that create value for companies and their employees.

David Healy is senior vice president, group benefits, Sun Life U.S.

Mr. Cooper Group reported a second-quarter net loss of $87 million as the company took a $231 million fair value hit to its mortgage servicing rights portfolio.

Black Americans haven't experienced the same increase in housing values, wealth and ownership that white Americans have during the past decade's economic expansion, when home prices soared 73%, according to Redfin.

Connecticut single-family home sales fell in June, the 11th consecutive monthly decline, as the median sale price also dropped.

The Federal Housing Administration is aiming to limit the share of borrowers who have been withdrawing money from the value of their homes.

Mortgage rates were unchanged from last week, but going forward, they are likely to decline following investors' reaction to the Federal Open Market Committee's July 31 short-term rate cut announcement.

Vasco Pedro is chief executive officer at Unbabel.