Economy

Sales of existing single-family homes in Maine remained relatively flat in July compared with a year earlier, while the median sale price increased by about 2%.

The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't?

A brazen Beverly Hills Realtor and his accomplice allegedly used open houses to steal from superstar singers Usher and Adam Lambert, prosecutors said.

Ginnie Mae followed through with plans to look more closely at secured debt ratios in its latest round of new and revised issuer requirements.

Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says.

Cities and counties in Southern California will have to plan for the construction of 1.3 million new homes in the next decade, a figure more than three times what local governments had proposed over the same period, according to a letter released by state housing officials.

Mortgage rates continued to drop this week and hit their lowest levels since November 2016, while stimulating the real estate market and the economy, according to Freddie Mac.

Sheila Bair, who holds board seats at several other organizations, will sit on Fannie's compensation, corporate governance and risk policy committees.

Nearly a decade after Troy Wragg's role in a $54 million Ponzi scheme involving green energy and real estate investments in Tennessee was exposed, the former Philadelphia resident was sentenced to 22 years in prison and ordered to pay $54 million in restitution.

Wealthy buyers are pulling back from some of the most expensive housing markets in the U.S., the latest sign that sky-high prices and fears of a recession are weighing on a key sector of the economy.

Trustees are concerned about obtaining proper consents from legacy residential mortgage-backed securities investors in a timely fashion in order to make the switch from Libor to another index, Fitch Ratings said.

Here's a look at 12 of the nation's most affordable housing markets, based on the lowest shares of median local income needed to buy a house in the area, according to Redfin.

July's existing-home sales lived up to their potential after falling short the previous month, but that potential remains limited because tenure continues to increase, according to First American.

Freddie Mac is automating a manual form submission process used to correct post-settlement and real estate owned data, and adding policy changes aimed at accommodating electronic signatures on loss mitigation documents.

Attracted by a growing housing demand caused by the burgeoning senior citizen population in South Florida, a Houston-based developer is staking out Fort Lauderdale and Coral Gables as locations for multiple elder communities in the region.

Even before Amazon.com Inc. completes its Northern Virginia office hub, the e-commerce giant has helped make the area the most competitive housing market in the U.S.

Wide short-term swings in interest rates — and loan prepayments — that we've all witnessed have serious secondary effects on consumers, lenders, investors and also policymakers.

While talks of an impending recession pick up steam, the housing market remains fairly stalwart and won't be to blame this time around, according to Zillow.

The agency says the "disparate impact" standard needs to be amended to align with a recent Supreme Court ruling. But consumer advocates say the change would make it more difficult for borrowers to allege discrimination under the Fair Housing Act.

1st Alliance has ceased lending activities following the loss of bonding in Connecticut, plus financial concerns it links to a state regulatory dispute, but it may later seek to recapitalize.