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Gov. Gavin Newsom proposed Wednesday to spend California's share of a national mortgage settlement on legal assistance for struggling homeowners and renters, funds that lawmakers illegally diverted in 2014 to help erase the state's budget deficit.

California officials are threatening legal action if Cupertino, hometown of Apple, doesn't meet its housing goals.

Banks need to mitigate potential bias in algorithmic predictive models using artificial intelligence, as regulators are weighing how to oversee the emerging technology.

Yields on the 10-year Treasury note fell 11 basis points on the morning of Aug. 5 as the trade dispute between the U.S. and China escalated.

Many in the industry say releasing GSE-backed loans from stringent underwriting rules has helped the housing market recover, but a new level of regulatory burden could reverse those gains.

The Federal Reserve reduced short-term rates for the first time in years, and accelerated its plan to stop shrinking the Fed’s balance sheet by rolling maturing mortgage-backed securities into Treasuries.

Some believe the administration will delay action on Fannie Mae and Freddie Mac to avoid any political fallout. Others say the window for reform is closing.

The Department of Housing and Urban Development approved a settlement in favor of the California Reinvestment Coalition against CIT Group's OneWest Bank, which Steven Mnuchin ran before he became Treasury secretary.

Eric Blankenstein, now at HUD, is under fire for asking a subordinate to defend him after it was revealed he wrote racially charged blogs 14 years earlier.

The mortgage industry was caught off guard by regulators’ decision to cease special treatment for Fannie Mae and Freddie Mac in complying with underwriting rules. But how big of an impact will the new policy have?