Economy

A new study shows that Miami's affordable housing crisis is so dire, the city needs at least 50,000 units just to meet the existing need.

Consumer expectations of further mortgage rate drops leaves them seemingly in no rush to enter the purchase market which could be why their optimism on home buying is falling, a Fannie Mae report said.

Toronto's housing market entered the busy spring property season with a bang, as sales surged 17% in April compared with a year earlier and prices also pushed higher.

Consumers always want more bang for their buck and are moving to places where their dollar goes further. With that as a driver, here's a look at the 10 hottest housing markets homebuyers are flocking to, according to Redfin.

Lending against single-family home construction is an area where depositories have traditionally faced little competition. That's starting to change.

Nondepository mortgage companies cut another 1,500 workers in March as the housing market's peak season got underway, suggesting that even with business potentially picking up, lenders remain cautious about hiring.

Freddie Mac is now offering to buy a new form of manufactured housing loan with terms similar to that of conventional mortgages from all eligible lenders, following a test run last year.

Buyers looking for higher-end homes in pricier cities like Seattle and Bellevue aren't paying any more than they did a year ago. Meanwhile, those shopping around for something resembling a deal, perhaps in Tacoma or Everett, are still confronted with the same old hot market from years past.

New Orleans remains well short of hitting its affordable housing creation goals, six months after ending the worst year for affordable housing creation since officials agreed to set goals of creating 1,500 affordable units annually in 2015.

Freddie Mac will keep building on the financial reforms that produced profitability during conservatorship as broader government-sponsored enterprise proposals take shape, according to departing CEO Don Layton.

Fannie Mae is considering sharing more risk with the private sector to reduce future strain on its earnings from the implementation of the Current Expected Credit Loss accounting standard next year.

Try to name the California city that recently settled into the Top 10 list of what the National Association of Realtors is calling the "Most Popular Areas for Millennials: Where They Move And Stay."

Recapitalizing the GSEs by cutting off returns to the government would essentially be buying the GSEs from the taxpayers with money that belongs to the taxpayers.

About 44% of Savannah, Ga., families cannot afford quality housing, according to city officials.

Remodeling activity stepped up in recent years as homeowners stayed put for nearly twice as long as before the housing bubble burst, but several forecasts point to a potential slowdown on the horizon, which is a welcome sign for the mortgage business.

New licensing rules for mortgage professionals servicing loans secured by New Jersey properties will go into effect this summer, adding to a trend toward tighter state regulation of standalone servicers.

Freddie Mac increased its origination forecast for 2019 by nearly 4% from last month as lower interest rates will result in more borrowers refinancing than previously expected.

A drop in property sales in San Francisco suggests a housing slowdown despite a booming economy, according to city Assessor-Recorder Carmen Chu.

Along a stretch of South Los Angeles near the Expo light rail line, investment dollars are pouring in.

Toronto, Montreal and Vancouver have seen the biggest net inflow of millennials in 12 years, a key reason demand for housing is expected to remain strong, despite spiraling costs, according to Royal Bank of Canada.