Economy

With bidding wars subsiding, new-home sales prices dropped, causing the largest decline in new construction since 2013, according to Redfin.

Fannie Mae and Freddie Mac's corporate debt ratings shouldn't be downgraded in the near term as a result of the Treasury Department's to-be-released government-sponsored enterprise reform plan, Fitch Ratings said.

For the first time in years, the San Diego County housing market is starting to cool.

A key measure of the sales prices for homes saw its largest jump this year, as Charlotte's real estate market continues to struggle with a shortage of homes and rising demand.

Foreign buyers have cooled on the U.S. residential home market, dropping investments by more than one-third over the previous year and spending less in expensive California.

Some Ohio homeowners who lost their property to foreclosure unknowingly signed over the rights to the excess sales proceeds for a fraction of the amount.

An $8 billion mortgage servicing rights package consisting of newly originated conforming loans is up for bid, according to broker Incenter Mortgage Advisors.

There was a fairly small chance that homebuyers faced a bidding war in July, compared with the prior year when the odds were almost 50-50, according to Redfin.

The Federal Housing Finance Agency has repeatedly reconsidered whether to add a language question to the GSEs' loan application, but its new director's latest call may finally resolve the question.

Canadian housing starts fell last month, led mostly by a drop in construction of semi-detached, row houses and apartments.

Las Vegas-area home prices continue to hover around a familiar price point, according to a housing market report.

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.