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Manhattan apartment prices climbed in the first quarter as buyers competed for properties amid the biggest inventory decline in more than a decade.

Fannie Mae reported fourth-quarter net income of $7.6 billion for the fourth quarter and $17.2 billion for the full year after deciding not to recognize any deferred tax assets until the first quarter of 2013.

With the exception of MGIC, by the end of the day all Mortgage Industry Equity Composite stocks were in the red.

The demolition of El Paso City Hall to clear way for a downtown baseball stadium will take only eight seconds.

The U.S. government is resisting an effort by Standard & Poor's to move to the federal level a string of lawsuits by states that charge the ratings agency with misleading investors.

The wholesale lending business of 12 Federal Home Loan Banks picked up last year although it doesn’t show up in the top-line figures.

The Bipartisan Policy Center's Housing Commission recommends a model similar to Ginnie Mae, where approved lenders are the issuers of mortgage-backed securities.

Fannie Mae and Freddie Mac are poised to begin funneling healthy quarterly revenue back to the U.S Treasury as the housing market rebounds.

Bank of America stocks received the highest bids on Thursday.

Kenneth Cohen, the head of commercial real estate finance at UBS AG, is leaving to join Bank of America Corp.