The Latest

Sales of previously owned homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties.

The era of plentiful refinance volume is over for the foreseeable future, because mortgage rates remained in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni.

Even as he blocked a major legislative push to spur more apartment construction around public transit and in wealthy suburbs, state Sen. Anthony Portantino acknowledged the need to address a shortage of housing in California.

Single-family home prices in Orange, Los Angeles and San Diego counties changed course, climbing up in April after falling year-over-year in March.

Kristen Donoghue had been one of the agency's few remaining senior enforcement managers hired by former Director Richard Cordray.

Mark Calabria said he wants Fannie Mae and Freddie Mac to take preliminary steps by Jan. 1 toward exiting conservatorship.

One of the hardest financial parts of buying a new home is coming up with the initial down payment on the mortgage loan.

The $161.5 million transaction backed by leasehold interests in the Jimmy Buffett-themed luxury hotel will include a $49.3M cash-out payment to the Denver-based PE firm.

The rise in home prices in North Texas has pushed home foreclosure rates to some of the lowest levels ever recorded.

San Jose is slowly chipping away at Mayor Sam Liccardo's goal of building 10,000 affordable homes by 2022.