Economy

Housing finance agencies reported increased demand for their loan products, but at the same time the inventory shortage constrains activity and drives them to work with other public entities to find solutions, Moody's said.

Mortgage Industry Advisory Corp. will collect bids Tuesday on behalf of a seller for a more than $1 billion mortgage servicing rights package that includes securitized loans with alternative remittance cycles.

Higher prices but fewer sales led to a roughly $20 million reduction in residential real estate sold on Maui last month, according to the Realtrs Association of Maui.

Canadian home sales activity continued to rebound last month, suggesting the nation's housing market is improving after a sluggish start to the year.

Quicken Loans claimed victory in its dispute with the Department of Housing and Urban Development over the False Claims Act, only paying the agency for losses incurred and interest.

A historically low number of homes were built in San Diego County in the first three months of 2019.

There are clear actions that regulators at the CFPB, SEC and FHFA can take to help attract investors into the housing market, argues former FHFA Director Ed DeMarco.

Presidential candidate Sen. Elizabeth Warren, D-Mass., and another Democratic senator are asking whether Kushner Cos. "may have received special treatment" on a U.S.-government-backed loan of about $800 million.

Appraisal Logistics is letting mortgage lenders take the lead by licensing out its in-house technology platform, AIMPort.

The Houston housing market logged another solid month in May as buyers closed on 8,346 homes, up 2.8% from a year ago, new data shows.

Commercial and multifamily mortgage debt outstanding continued rising, aided by low mortgage rates and the steady incline of property values, according to the Mortgage Bankers Association.

A new startup launched in the Bay Area says it can help buyers survive the region's cutthroat housing market by doing away with one of its biggest hurdles — a massive down payment.

Director Mark Calabria urged lawmakers to grant the agency chartering authority similar to that of bank regulators to boost competition in the mortgage market.

Home sales in Baltimore plunged in May amid the recent ransomware attack on city government computers, including those essential for completing real estate transactions.

The agency’s new guidance would limit some nonprofits’ ability to help borrowers pay their down payments, leading to higher home costs.

Prepayment speeds for loans included in agency mortgage-backed securities were up approximately 20% both monthly and annually during May as the decline in interest rates boosted activity, according to Keefe, Bruyette & Woods.

As purchase applications stall in the heart of home buying season despite mortgage rates nearing two-year lows, lenders continued to loosen credit standards in May, according to the Mortgage Bankers Association.

North Texas home sales gave their best showing of the year in May.

While April saw an increase in condominium sales, May saw an increase in sales of family homes in Ann Arbor, Mich.

Appraisals are viewed as a choke point in the mortgage process. As the ranks of appraisers dwindle and technology advances, a new, AI-driven approach may not be far off.