Economy

Velocity Mortgage Capital's new loan for income-producing residential and small-balance commercial properties was designed to afford investors more payment certainty than traditional bank financing.

The head of Fannie Mae and Freddie Mac’s regulator blamed “burdensome” local regulations for a lack of housing supply, and also provided an update on the administration’s plan for GSE reform.

The spring home buying market got off to a disappointing start in April, as sales sputtered and the state marked the ninth consecutive month of year-over-year sale declines.

The nonconforming market is ready to absorb most of the government-sponsored enterprise loans covered by the QM patch, but not all of them, according Redwood Trust.

The launch of a combined securitization platform for Fannie Mae and Freddie Mac is meant to ease the transition to a new housing finance system. But questions remain about how the mortgage sphere will adapt to the single security.

Congress extended the National Flood Insurance Program through June 14, preventing the federal initiative from expiring on Saturday.

Expectations of economic growth paint a sunny picture for summer home buying with consumer confidence near an 18-year high, but borrowers' mixed view of their income prospects could compound affordability constraints.

The Pittsburgh City Council has given preliminary approval to a plan for distributing $10 million in 2019 from an affordable housing fund.

Freddie Mac uncovered a growing number of fraudulent school records and work histories in California, where Fannie Mae also has noted increasing instances of falsified employment information.

The large number of overleveraged commercial mortgage-backed securities loans coming due in 2019 is likely to cause the payoff rate to drop an additional 9 percentage points by December, a Morningstar report said.

Dan Gilbert, the billionaire founder of mortgage giant Quicken Loans Inc. and owner of the NBA's Cleveland Cavaliers, is "awake, responsive and resting comfortably," a day after suffering a stroke.

The sale of Lisa Kloid's Northeast Baltimore house was moving along quickly. It went under contract in April after less than a month, and the settlement was moved up to accommodate the eager first-time buyers.

Kushner Cos., the real estate firm owned by the family of President Donald Trump's son-in-law Jared Kushner, has received about $800 million in federally backed debt to buy apartments in Maryland and Virginia.

Baton Rouge-area home sales rose 2.8% in April compared to 2018, the second time this year there has been a year-to-year increase in sales.

The FHFA director’s recent comments about whether the government-sponsored enterprises should be designated as SIFIs tees up a potentially significant element of the mortgage finance debate.

Big and bold ideas often bomb out in the Legislature. And the biggest bill of this young session — a proposal to spur high-density housing — just blew up.

Delinquencies associated with the government-sponsored enterprises high loan-to-value ratio programs that target low-to-moderate income homebuyers are slightly better than expected, at least early on, according to Fitch.

Four real estate professionals could face up to 30 years in prison and hefty fines after being indicted on charges related to allegedly defrauding Fannie Mae, Freddie Mac and multifamily lenders.

South Florida's spiraling home prices may be on the verge of calming down a bit.

FHFA Director Mark Calabria should ensure the government-sponsored enterprises hold at least 4% of total assets as part of housing finance reform.