Origination

Detroit was once known as a city where a working-class family could afford to own a home. Now it's a city of renters.

Freddie Mac will soon allow automated underwriting of borrowers who lack scores but have other financial records.

South Florida's housing market may not be as frenzied as it was a few years ago, but the February figures from local Realtor boards show that sellers are still winning the price fight.

The 30-year fixed-rate mortgage averaged 4.23% for the week ending March 23, down from last week when it averaged 4.3%.

After a powerful surge in home and condo prices in Chicago during January, growth settled down in February and is expected to keep a moderate pace through the spring selling season.

Purchases of new homes increased in February to a seven-month high, indicating the effects of the recent rise in borrowing costs on the residential real estate market have been modest.

Orange County, Calif., home sales dipped in February, a time when sales typically rise, a new housing report shows.

In Broward County, Fla., median home sale prices increased and inventory on the market decreased in February.

Mortgage applications decreased 2.7% from one week earlier after the Fed announced a rate hike, according to the Mortgage Bankers Association.

Sales of previously owned homes declined in February after rising a month earlier to the highest level in a decade, according to the National Association of Realtors.