Economy

The nation is suffering from a housing affordability crisis and lower construction costs and increased government subsidies can ease the pain, consumers state in a National Association of Home Builders survey.

Casper's Parkway Plaza hotel has a new owner as GreenLake Real Estate Fund bid $15.5 million at a foreclosure sale to purchase the property.

The number of workers employed by non-depository mortgage companies experienced a typical seasonal drop month-to-month, but employment remained higher than a year ago due to the persistence of competitive hiring practices.

After more than three years of a strong seller's market, Staten Island's residential real estate is now favoring homebuyers, Realtors say.

From flocking to Florida to abandoning Alaska, here’s a look at some key 2018 homebuyer migration patterns.

House flipping fell for the third consecutive quarter, following a pattern seen the last time mortgage rates spiked, according to Attom Data Solutions.

The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.

The gap between supply and demand in the housing market is contributing to affordability constraints that are likely to limit homeownership long-term, according to Freddie Mac.

Mortgage credit available to consumers increased in November by 1.1% from the previous month as lenders offered more conventional products with expanded underwriting criteria, the Mortgage Bankers Association said.

Home prices are rising and first-time buyers now account for an increasing share of sales, factors that could lead to a surge in defaults during the next economic downturn.

Wire fraud is considered a consumer and title agent issue, but the millions of dollars it's diverting from home purchase transactions make it an issue mortgage lenders need to address, too.

The government-sponsored enterprises sold fewer nonperforming loans in the first half, but the drop-off in the number of sales year-to-year is less severe than it was in 2017 as a whole.

For the first time, Remax Holdings has sold a Motto Mortgage franchise to a real estate brokerage affiliated with a competing franchisor.

Consolidation is coming in the mortgage industry, but a protracted timetable will continue to constrict industry profits.

Rejected or not, cities selected as finalists for Amazon's second headquarters are topping the charts of housing markets expected to overperform in 2019 as companies see the value in their proposals, according to Zillow.

The performance of loans included in commercial mortgage-backed securities improved for the fifth consecutive quarter, with delinquencies down 179 basis points over the time frame, according to the Mortgage Bankers Association.

Here’s a look at 10 housing markets where buyers are looking to move — and the high-cost markets they're fleeing.

In its annual report that looks at housing markets to watch, online real estate service Trulia ranks Colorado Springs as the No. 1 market poised for growth in 2019.

Hometown Lenders Inc. will acquire TotalChoice Mortgage in a move to expand its geographic footprint and meet its goal of growing annual originations from $1 billion to $5 billion.

A new Freddie Mac pilot program will offer mortgages on manufactured housing with terms that more closely resemble conventional financing for site-built homes.