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Mortgage rates took a small step back due to affordability pressure after climbing for the past two weeks, according to Freddie Mac.

Housing affordability has hit a 10-year low throughout most of California, new data show, as three out of four state residents can no longer afford sky-high median homes prices.

Oahu's housing market posted modest median price gains in July but fell a little shy of setting any records.

Gateway Mortgage's owners are acquiring the majority interest in Farmers Exchange Bank and will merge the lender into the Cherokee, Okla.-based depository.

Quicken Loans subsidiary One Reverse Mortgage is rolling out a private-label alternative to the Federal Housing Administration's Home Equity Conversion Mortgage that offers higher loan limits and more flexible underwriting terms.

Home price appreciation is preventing consumers from entering the housing market, forcing an accelerated number of potential homeowners to rent.

Redwood Trust's net income was down 30% from the prior quarter as mortgage banking activities earnings fell by 60%.

Mortgage applications declined for the fourth consecutive week as interest rates remained at high levels.

Dallas-area home prices are up by less than the national average in another new housing report.

The average sales price for an existing single-family home in Southern Nevada in July was $290,000, an 11% increase from $260,000 in July 2017.