The Latest

Central Texas home sales climbed 6% last month, as sales volume reached its highest level on record for any February, the Austin Board of Realtors said.

Depending on market conditions and demand from whole loan buyers, it could fund 25% to 35% of fix-and-flip loans through deals like the $219 million one it just completed.

The mortgage industry is eager to adopt digital strategies like artificial intelligence to streamline processes, but they are finding it difficult to extend through the full lifecycle of the loan.

The government-sponsored enterprises have continued to expand over the past decade, despite being in conservatorship. New leadership at the FHFA should reverse this trend.

Lawmakers still have a long way to go before enacting housing finance reform, but the testimony could signal how future legislative talks will play out.

Late payments on single-family home mortgages changed direction and started falling again in Freddie Mac's latest monthly report.

Home retention actions for loans owned by Fannie Mae and Freddie Mac declined in the fourth quarter and that trend is likely to continue given the strong economy.

Independent mortgage bankers lost the largest amount for originating a loan in the fourth quarter since this data has been tracked, as costs rose and volume dropped, according to the Mortgage Bankers Association.

February housing market numbers indicate that while the 2019 year-to-date number of sales is about 1% behind 2018's record-breaking numbers, this will be another banner year for New Mexico housing, according to the New Mexico Association of Realtors.

Central Ohio home sales rose 3.7% in February from a year ago, the biggest jump in more than a year.