Economy

A year after Fannie Mae launched its first credit-risk transfer securitization using a real estate mortgage investment conduit, Freddie is now electing to also opt for a REMIC format in offloading the credit risk to private investors.

The median sales price for a single-family home in Cuyahoga County was $127,000 last month, up 3% from September a year ago, but down from the higher summer prices.

The developer of the newly constructed Washington, D.C., headquarters for Fannie Mae is securitizing part of its $525 million, 10-year mortgage through a single-asset, mortgage-backed transaction.

The rating agency upgraded the hospital system to Aa2 from Aa3.

Altisource Portfolio Solutions is adding its online "for sale by owner" real estate platform to the list of noncore businesses it is shutting.

More single-family homes on Oahu sold at a lower median price last month compared with September 2018, while fewer condominiums sold at a higher price, according to the Honolulu Board of Realtors.

David Lowman, executive vice president of the single-family business at Freddie Mac, has informed the company he will be stepping down from his position on or about Nov. 1.

September's increase in mortgage credit availability was driven by the expansion of jumbo products to record levels, which overcame a retrenchment in both conforming and government programs, the Mortgage Bankers Association said.

Newly adopted municipal real estate transfer taxes have the potential to be costly to lenders if not disclosed properly.

Ask someone looking to rent a reasonably priced apartment in Santa Fe, N.M., to describe their experience and they will likely sum it up this way: Frustrating.

Facebook CEO Mark Zuckerberg said during a publicly broadcast Q&A with employees that his company is looking elsewhere for growth because of the Bay Area's housing and traffic issues.

The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.

The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.

NewDay USA, a lender specializing in loans to veterans and military service members, is addressing rate-driven increases in refinancing by hiring more than 100 workers who are new to the business.

Consumer confidence in the housing market remains relatively strong, but economic uncertainty is testing its resiliency, according to Fannie Mae.

Fannie Mae is cracking down on homebuyer education requirements, particularly for first-time homebuyers and purchasers utilizing high loan-to-value mortgages.

Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question.

Employment estimates for nonbank mortgage companies rose to a 2019 high as lower rates spurred consumer demand in August, but higher rates in September could mean future numbers will be weaker.

If your home is in walking distance to a Staten Island Railway station you can likely get at least a 9% — and up to a 34% — higher price for your house than other residences in the borough, according to a new study.

Real estate economists' outlook for single-family housing starts through 2021 weakened compared with six months ago even though they are relatively bullish on the economy, an Urban Land Institute survey found.