Economy

A more than $5 billion offering going up for bid is one of the first large transactions seen since the coronavirus complicated trading.

A significant number of plans that expired at the end of June were not renewed, Black Knight said.

Congress should act in the next relief bill to provide the additional resources needed to build more affordable housing.

Property owners are taking a wait-and-see approach, possibly because of economic uncertainty.

The high court ruled June 29 that the structure of the Consumer Financial Protection Bureau violated the separation of powers.

As the coronavirus created uncertainty for the housing market, underwriting standards tightened further in June.

Mortgage rates continued their slide, with the conforming 30-year fixed at its closest point ever to breaching the 3% mark, according to Freddie Mac.

The lending giant's filing reveals what the company's internal structure will look like going forward.

A Detroit-based company, which owns Rocket Mortgage and Quicken Loans, listed the size of its upcoming offering in filing as $100 million, a placeholder amount that will likely change.

Guarantee fees became the main source of revenue for government-sponsored enterprises during conservatorship, and reverting to a private stockholder model could create a need for more revenue.