Economy

The trio of malls collateralizing the new mortgage include two well-performing mall as well as a troubled Florida super-regional shopping center.

The mortgage industry identified two technology initiatives it claims have the greatest potential to improve processes and be the most broadly adopted over the next two years, according to Fannie Mae.

Historically, rising interest rates have enabled banks to earn more, but this time around in the banking industry, like much else, things are a little different.

Millennials act differently than prior generations, including moving to second-tier markets to buy a home, and that is the opening for community lenders to reach this market.

A state senate bill making its way through Sacramento could mean high density housing gets built along transit stops throughout San Diego County.

The average property value for Lubbock County, Texas, is up again this year.

Economic growth will slow in 2019, but conditions will help home sales hold steady, with mortgage volume now being projected to rise over 2018, according to Fannie Mae.

Surging loan production expenses and low revenue killed profits in 2018 for loans originated by independent mortgage bankers and subsidiaries of chartered banks, according to the Mortgage Bankers Association.

Destiny USA, one of the largest malls in the nation, is struggling to pay its mortgage, according to a published report.

The housing market in Houston picked up in March as interest rates fell and the supply of properties for sale grew to its highest level in five months.

The Minneapolis bank reported mid- to high-single-digit improvement in those categories, but total loan growth was curbed by declines in CRE and other credit types.

Homebuilders are growing more confident in the market for newly built single-family homes as demand grows. At the same time, mortgage companies are streamlining the new construction loan process, suggesting they, too, see value in the market.

The civil rights activist Jesse Jackson is pushing a proposal that the billions banks have paid in fines be given to Americans who lost homes or suffered in other ways during the financial crisis.

Investors include New Orleans sports franchise owner Gayle Benson, placing the hotel under local ownership for the first time since it was built in 1976.

Canadian home sales and prices rebounded in March from a dismal showing a month earlier, but remained below historical averages.

Adolfo Marzol, who has served as an adviser to HUD Secretary Ben Carson, will now report to the new director of the Federal Housing Finance Agency.

Metro Atlanta home prices rose less steeply in March than previous months, despite a continued shortfall in the supply of homes listed for sale, according to separate market reports.

A trio of Los Angeles-area real estate developers were accused by the federal government of taking $1.3 billion of investor funds that was supposed to be used for hard money loans for their own use.

Sheldon Oak Central, a Connecticut affordable housing developer, is at risk of losing half a million dollars in federal subsidies if it can't come up with cash to rehab one of its aging properties.

The tightest housing markets in the U.S. are unwinding in time for the key spring selling season, giving buyers an edge for the first time in years, a Trulia study said.