Economy

Home sales slowed on Hawaii island and Kauai last month while median prices mostly rose, according to trade association statistics.

Freddie Mac is broadly offering instant representation and warranty relief for automatically validated self-employment income following a test of the concept last year.

Homeowners are stepping up their renovation game this year, which could be good news for home improvement financing, but bad news for the overall housing market as consumers age in place.

Berkadia, a joint venture run by Berkshire Hathaway and Jefferies Financial Group, is acquiring real estate capital advisory firm Central Park Capital Partners to diversify its capital sources.

While Southern Nevada home prices pulled back in February, the median sale price for an existing home was still up nearly 8% year-over-year.

Minneapolis' offering of affordable starter homes and inflated supply of below-median-priced options made it the housing market with the highest low-income ownership rate, according to Redfin.

The average price of a new home rose in Texas' four largest markets in January, with Houston leading the gains, according to HomesUSA.com.

Freddie Mac closed its fifth LIHTC fund since 2018 and will make three investments in affordable housing through a partnership with National Equity Fund.

Arch Capital Group named Michael Schmeiser president and CEO of its U.S. mortgage insurance business as the former head moved up the corporate ladder.

As the Seattle-area real estate market has slowed over the past year, it's clear things have gotten better for buyers of the region's priciest homes. But people looking for anything resembling affordable housing haven't had the same luck.

Whether through greater investments in technology and talent, or streamlining back-end processes to improve the decision-making process, mortgage servicers are doing more to prioritize borrowers. Here's a look at seven of these borrower-focused initiatives and how they're reshaping mortgage servicing.

The conventional market recaptured a lot of the first-time homebuyers it lost during the financial crisis, but service members instead have increasingly stuck with loans insured by the Department of Veterans Affairs.

Arch Capital’s next offering of credit risk transfer notes features heavy exposure to residential mortgages that have been modified by Fannie Mae or Freddie Mac.

Fannie Mae's serious delinquency rate stood firm for the third month running, adding to evidence that it has hit a floor after dropping for most of the past year.

Freddie Mac again increased its origination forecast for the next two years, as the rate drops of the past few months are expected to boost refinance volume.

New York's Amazon dreams aren't dead yet, at least not in the minds of some of its leading executives and politicians.

Connecticut's real estate market was hit hard in January, with single-family home sales hitting their lowest level for the month in a decade, according to the Warren Group.

For a few months, it seemed the speeding Bay Area housing market was ready to slow down.

The U.S. homeownership rate rose to the highest level since 2014, led by a growing share of buyers in their mid-30s and early 40s.

The new regulation, codifying requirements already in practice, is meant to help the mortgage giants prepare for the adoption of a uniform security in June.