Economy

Freddie Mac now forecasts that refinance volume will make up nearly half of third and fourth quarter production, and has increased its origination estimate for the year to over $2 trillion.

Contract signings to purchase previously owned homes fell in July by the most since early 2018, indicating a pause in buyer interest even against a backdrop of falling mortgage rates, a firm job market and steady income gains.

Home sale prices in Massachusetts continued their ascent in July, setting a new all-time high for the month and rising to a level nearly 20% higher than five years ago and nearly 40% higher than July 2009.

The mortgage industry will be looking for answers when Treasury and HUD unveil reports on housing finance reform, but the Trump administration’s plans could also raise a whole new host of questions.

The second half of 2019 is a prudent time to examine the CRE market in the context of an inevitable slowdown, taking into account how the current landscape is impacting lending practices.

Kristy Kim was an immigrant success story with a degree from Berkeley and a lucrative job — except her lack of credit history precluded her from getting a car loan. She started TomoCredit to help the many young folks who struggle to qualify for a credit card.

Independent mortgage bankers reported their highest average profit per loan originated in almost three years, benefiting from a large drop in production expenses, the Mortgage Bankers Association said.

What's happening with interest rates on loans for land acquisition, development and single-family construction pretty much goes against everything being said about rates lately.

The Treasury’s takeover of Fannie Mae and Freddie Mac left legacy shareholders holding the bag.

Here's a look at five perspectives from potential homebuyers, from their plans to purchase to how they view the current real estate market.

Wisconsin Republican Sean Duffy routinely pushed to restructure the Consumer Financial Protection Bureau and authored a bill to reform the flood insurance program.

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.