Economy

Why now? Will it work? How will their rivals respond? The megadeal between the two East Coast regionals offers up plenty of grist for speculation.

King County's cooling housing market has turned downright chilly as prices have dropped to their lowest point in two years — with the median home now selling for $116,000 less than last spring.

Home sellers in metro Denver came out ready to play ball in a big way in January, but buyers didn't show up to meet them in equal numbers.

Consumers have higher household incomes and more faith in cooling home price and mortgage rate growth than they did a year ago, which could allude to a stabilized housing market in 2019, according to Fannie Mae.

The median sales price for existing single-family homes sold in Southern Nevada in January was $300,000, according to the Greater Las Vegas Association of Realtors.

The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.

Fourth-quarter increases in Fannie Mae and Freddie Mac mortgage origination volume helped Walker & Dunlop reach a new quarterly high in revenue of $215 million.

The pace of Colorado Springs-area homebuilding is off to a slow start in 2019.

Recent developments give the impression that the administration and lawmakers are in direct competition, but the ultimate framework may rely on coordination from both branches of government.

As Huntington Beach prepares for a lengthy battle with the state of California over its affordable housing goals, the city of Pismo Beach is preparing for a battle of its own as it tries to attract more low-income housing to the traditionally wealthy area.

Absent some policy change, nearly a third of the loans backed by Fannie Mae and Freddie Mac could be in violation of the Consumer Financial Protection Bureau's Qualified Mortgage rule in two years.

Despite the release of Senate Banking Committee Chairman Mike Crapo's outline of a government-sponsored enterprise reform plan, most policy changes will likely come from the White House, and may even materialize this year, said Keefe, Bruyette & Woods.

As policymakers consider administrative reforms to Fannie and Freddie, they must address the problem of capital arbitrage to avoid overleveraging the mortgage system.

After years of frenzied price increases, sales of new homes in Canada's biggest city sunk to the lowest in almost two decades in 2018 and the supply of unsold condos piled up.

Homebuilders are growing confident in 55+ communities, which could suggest more movement in the housing market at a time when homeowners continue aging in place.

Nonbank mortgage companies cut payrolls by 3,100 full-time employees in December, bringing the level of the hiring in the industry to its lowest point in more than two years.

Without the clashing fervor of potential homebuyers competing, fewer sellers are fetching above-listing prices on their houses, according to Zillow.

Residential mortgage-backed securities servicers are better able to weather a downturn and the resulting loan defaults today versus before the crisis because of their investments in technology and regulatory compliance, Fitch Ratings said.

Modular houses typically referred to as tiny homes could be a quick, relatively cheap living option for residents recovering from Hurricane Michael.

China Oceanwide's acquisition of Genworth has been postponed until March, prolonging uncertainty about the fate of the acquired company's U.S. private mortgage insurance unit that could be resolved by the deal.