Economy

Toronto's housing market continued to bounce higher in October, with prices rising the most in almost two years amid dwindling supply.

An increase in credit risk transfer activity since 2015 signifies a sea change for private mortgage insurers that may be about to intensify, according to an industry trade group.

The pace of Colorado Springs-area home construction picked up again last month, as rock-bottom mortgage rates and a strong local economy continued to drive the local demand for houses.

The Supreme Court is ready to weigh in on the CFPB’s leadership structure, but both agencies are facing similar constitutional challenges, suggesting a broader impact of any decision.

The Federal Housing Finance Agency is seeking comment on a proposal that could pave the way for potential Fannie Mae and Freddie Mac competitors to use the uniform mortgage-backed security structure.

Orix Corp. has agreed to buy U.S. commercial real estate lender Hunt Real Estate Capital, its latest acquisition in the field.

Early payment mortgage defaults went to the highest level in nearly a decade, particularly among loans included in Ginnie Mae securities, a Black Knight report said.

Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.

Nonbank and bank mortgage employment has leveled off in line with typical seasonal trends, but some lenders remain more interested in hiring than is usually the case late in the year.

Freddie Mac is now forecasting back-to-back years of $2 trillion in mortgage loan originations rather than a drop-off in 2020.

Australia's housing market recovery surged ahead in October, led by further hefty gains in the nation's two biggest cities.

Connecticut's housing market saw modest gains in September, with the number of sales of single-family homes and condominiums increasing as well the median sale price for both types of properties.

More private mortgage insurers reported significant year-over-year gains in new business during the third quarter, mainly driven by the increase in refinance volume.

Continue to look for deals, but don't be afraid to put money into assets offering competitive short-term rewards.

A risk management model revision that decreased single-family loan-loss allowances and a strong mortgage lending environment contributed to consistent earnings results at Fannie Mae in the third quarter.

Shares in the lender fell after it reported lower third-quarter profits, said nonperforming assets rose and cautioned that it had lost multifamily loan deals to competitors offering easier terms.

Freddie Mac will make haste to leave conservatorship in line with new regulatory directives, but it's uncertain how quickly it can move, CEO David Brickman said in an earnings call.

A lower court “erred” when it sided with Fannie Mae and Freddie Mac’s investors, the Justice Department said in its petition to the high court.

Home lenders will benefit from elevated refinance activity through the first half of next year, but volume may then fall off quickly, according the Mortgage Bankers Association's latest forecast.

California's devastating wildfires have given way to a real estate opportunity: the burn-out lot.