Economy

Lennar Corp. is selling a portion of its Rialto business to Stone Point Capital for $340 million, adding to Stone Point's holdings in the real estate and financial industries.

Sales of existing homes in September in Northwest Indiana took a dip this year, with the seven-county area recording its lowest September level since 2014.

Under the Federal Housing Finance Agency's plan, small Home Loan banks would face a new housing benchmark and a volume threshold for meeting the goals would be eliminated.

Growing home prices plus rising interest rates are putting a damper on mortgage lending, which pushes the market to seek out less qualified borrowers and increases the risk of fraud.

Thousands of homeowners in San Francisco, Los Angeles and Chicago are headed out of town.

Fannie Mae has priced more securities that support a transition away from the London interbank offered rate.

Average new-home prices increased in four major Texas markets in September, with prices edging up 0.7% to $357,364 in the Houston area, according to a new report by HomesUSA.com.

Contracts to buy previously owned homes rose for the first time in three months, indicating that the recent market slump may be starting to stabilize, National Association of Realtors data showed.

City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing.

The fight for stronger rent control in California appears headed for a fiery demise, according to the latest poll by the Public Policy Institute of California.

High property values and low mortgage rates pushed commercial and multifamily originations beyond their projected totals in 2017 to a new market peak, according to the Mortgage Bankers Association.

Home sales aren't just slumping big in metro Denver, they are dropping across much of Colorado and in what were some of the hottest markets in the country.

In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account data and help lenders better assess risk.

The company is facing criticism after a big chargeoff on two properties, showing that investors have little patience when a risky business model shows signs of distress.

New York developer Silverstein Properties Inc. built a $4 billion pipeline of real estate deals just weeks after starting. None of the money was for buildings it will own.

Dallas-Fort Worth was the only major Texas market that saw a decline in third quarter home sales.

Incenter Mortgage Advisors is facilitating the sale of $3.7 billion in mortgage servicing rights tied to Fannie Mae and Freddie Mac loans, roughly one-third of which have private mortgage insurance.

Donald Layton, who has run the mortgage giant since 2012, discussed the busy agenda leading up to his departure and says Freddie can serve as a "technical adviser" in GSE reform talks.

Property values have grown enough for households to establish equity and make a profit, but homeowners continue staying put, causing sales to underperform their potential.

Conforming mortgage interest rates dropped slightly over the past seven days after weeks of steady increases, according to Freddie Mac.