Economy

Robert Shapiro, the former chief executive officer of Woodbridge Group of Companies, pleaded guilty to running a $1.3 billion fraud that caused more than 7,000 investors to lose money, according to prosecutors.

Oahu's housing market broke two price records in July, including one that had stood for more than a year.

There are opportunities to make loans for strip malls and regional distribution centers but executives need to put the right risk management in place.

Zillow Group shares were poised to fall to a six-week low after its results and updated forecasts suggested its entire "portfolio is faltering" at a critical time for the company looking to pivot its business, analysts said.

More applications for non-QM loans might close if lenders and originators beefed up efforts to address missing or outdated information, according to Computershare.

Mortgage rates tumbled to lows not seen since November 2016 as benchmark 10-year Treasury yields continue to decline due to investors' uncertainty over trade and the economy, according to Freddie Mac.

Seattle is poised to get a new $1 billion development steps from Amazon's sprawling urban campus as part of a major land sale by the city.

Increased consumer debt and the threat of an economic downturn increase the default risk for government-sponsored enterprise mortgages during the first quarter, according to Milliman.

The U.S. government's trade war with China is pushing down yields on 10-year and 30-year Treasury notes.

California officials are threatening legal action if Cupertino, hometown of Apple, doesn't meet its housing goals.

Home sale volume and median prices rose together on the Big Island and Kauai in July, according to a new report.

Renewed momentum in Canada's housing market is buoying consumer optimism.

The Federal Housing Administration program insured three-quarters of the mortgages obtained by millennial homebuyers as most had trouble saving up for a 20% down payment, a LendEDU study found.

Real estate investors — people who purchase and quickly resell homes for profit, sometimes called "house flippers" — are a key hurdle for many looking to break into the housing market.

A gradual approach would help the market absorb loans affected by the government-sponsored enterprises' expiring qualified mortgage exemption, a Redwood Trust executive told analysts during a recent earnings call.

Lower mortgage rates are giving homebuyer affordability a serious boost as it reaches an 18-month high, helping purchasers afford $45,000 more house for the same monthly payment compared to last fall.

Yields on the 10-year Treasury note fell 11 basis points on the morning of Aug. 5 as the trade dispute between the U.S. and China escalated.

Homebuyers and sellers in metro Denver alike pulled back in July as the summer slump showed up on schedule.

It’s hard to time the next economic slowdown. But lenders, many with lingering memories of the financial crisis, are taking steps now to limit exposure in commercial real estate, construction and other loan segments.

Essent Group continued to benefit from the volatility in private mortgage insurers' market share, remaining in second place among the six active underwriters at the end of the recent quarter.