Economy

The government-sponsored enterprises’ plan to cease accepting loans pegged to the London interbank offered rate a year ahead of its scheduled expiration is expected to hasten action in securitized markets.

Simon Property Group agreed to buy rival shopping-mall operator Taubman Centers for about $3.6 billion, a combination that comes as e-commerce continues to roil brick-and-mortar retail.

Consumer sentiment about purchasing a home nears its record high as almost half of those surveyed said mortgage rates will stay at the current low levels, according to Fannie Mae.

Galvanized by the Moms 4 Housing standoff that drew national attention to the region's affordability crisis, Oakland officials may soon overhaul the way homes are bought and sold and other Bay Area cities are considering similar measures.

Canadian builders began 2020 with a strong rebound in housing starts that is good news for the nation’s increasingly tight real estate markets.

Unexpected rate drops and other factors drove a surprising rebound in nonbank mortgage hiring during what is usually a slow season.

To paint nonbanks as a source of systemic risk, particularly given the track record of commercial banks in causing the 2008 subprime mortgage fiasco, seems absurd.

While loan officers will remain mortgage lenders' leading business development tool in the future, those originators believe business will come from a more diversified source pool, a Fannie Mae survey found.

Mortgage rates continued their slide this week, which along with positive economic news should continue to pump up purchase demand, according to Freddie Mac.

Mary Doenlen couldn't tell a judge why she stole over $130,000 from her employer. She wasn't in financial straits. She has a daughter, a husband and a sickly father to tend to.