Economy

In a summer surprise, home values continued an upward surge again last month in the Sacramento region despite the ongoing economic turbulence caused by the coronavirus pandemic.

Following its deadline for written comments on the topic last month, the Federal Housing Finance Agency is scheduling events that will focus on two key themes emerging in responses.

Neither side opted to invoke their Aug. 31 termination rights and the deal is set to close by the end of September.

America's real estate meccas aren't what they used to be as COVID-19 revives U.S. mobility.

Mortgage subsidies introduced in Russia this year to stimulate the economy have fueled a surge in apartment prices even after incomes plunged by the most since 1998.

Montana real estate is a hot commodity. From east to west, north to south, homes and land are, more often than not, sold within days.

Arch's second CRT transaction this year to obtain indemnity reinsurance for mortgage-insurance premiums comes at a time it is also experiencing rising 60-plus-day delinquencies on its outstanding securitized pools.

Also: NMN analyzes political donations from the industry, foreclosure and eviction ban extended to year's end.

A Quincy, Mass., real estate broker pleaded not guilty to nine charges, including money laundering and forgery, for what prosecutors say is the theft of $800,000 from deposit checks.

Blackstone Group, which led Wall Street's initial foray into the single-family rental business, is making a new investment in suburban houses at a time when the COVID-19 pandemic is pressuring traditional commercial real estate.

Refinancing has been one of the bright spots in a difficult year for lending, and the industry has concerns that a fee to be imposed by Fannie Mae and Freddie Mac could slow down the business.

The new reality for investors and originators accounts for forbearances and ability-to-repay.

The number of new housing permits issued in Connecticut communities in July rose 10.2% over the same period in 2019, officials with the state Department of Economic and Community Development said.

As the end of the first six-month forbearance period arrives, the impact of the new cap is coming into focus.

Many mortgage companies are hoping to operate remotely through year-end and are asking regulators for relief to that end.

Both the Federal Housing Finance Agency and Federal Housing Administration are extending relief for homeowners and renters due to the pandemic crisis.

The California Assembly is considering a bill that would require local governments to permit duplexes on parcels now largely restricted to one house, in effect eliminating single-family zoning that dominates in most suburban residential neighborhoods.

The mortgage giants were criticized earlier this month for a plan to charge an "adverse market fee" to protect against losses resulting from the pandemic.

The housing market reaped the rewards of new construction increasing before the coronavirus took effect, netting a boost in July sales, according to Redfin.

There is a shortage of notaries and that is being made worse by those lenders that don't offer remote online notarization.